U.S. Advances Deal With Iran to Swap Prisoners, Free Frozen Oil Funds
By John Hudson | The Washington Post
The Biden administration has issued a waiver for banks to transfer $6 billion in frozen Iranian oil funds without fear of U.S. sanctions — a key step in securing the release of five American citizens detained in Iran, people familiar with the matter said. As a part of the arrangement, the administration will release five Iranian citizens detained in the United States.
China’s Navy Starts Largest-Ever Exercises in Pacific Ocean
By Kathrin Hille | Financial Times
The Shandong, the People’s Liberation Army Navy’s second aircraft carrier, was on course on Tuesday to converge with more than 20 other Chinese warships in waters between Taiwan, the Philippines and the US Pacific territory of Guam, two Asian security officials said.
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