Abbas Araghchi, Iran's Foreign Minister, told American broadcasters during the Switzerland round that some frozen Iranian assets had been released and that sanctions on Iranian oil had been partially waived, as part of implementing the 16 June memorandum1. The claim is sourced to Iran alone, relayed through live blogs, and carries no US confirmation.
Sanctions relief is operationally meaningless until the Office of Foreign Assets Control (OFAC), the US Treasury body that runs the sanctions list, issues a general licence or delists an entity, because the dollar-clearing system keys off that list rather than a foreign minister's broadcast remarks. No OFAC licence, no Treasury statement and no Federal Register notice records any such relief, six days after Trump signed the deal.
OFAC's most recent Iran-adjacent action ran the other way. On 18 June it designated the Globe International network in Oman, tightening sanctions rather than lifting them. Until an OFAC licence or a register entry matches Araghchi's words, the relief exists in Tehran's account and nowhere a creditor or a bank could act on, and the gap hands Iran a way to cast Washington as the party not honouring the deal.
