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The White House has instructed the State Department to freeze over $200 million in funds earmarked for 'recovery efforts' in Syria, The Wall Street Journal reported on Friday.
Lebanon has denied Saudi allegations that its prestigious banking system is being used to smuggle and launder funds for powerful political and militant group Hizballah.
The US and UAE reportedly see a window to drive a wedge between Assad and Iran, which helped him recapture swathes of his country during the civil war.
The US has waived sanctions to allow the transfer of $6 billion in Iranian funds from South Korea to Qatar, which will monitor how Iran's clerical rulers will spend the funds to purchase humanitarian goods.
Michael D Higgins said on Sunday that his letter to Iranian President Masoud Pezeshkian was 'standard' to a 'newly elected head of state'.
The deal to unfreeze $6bn of Iranian funds came as part of a prisoner swap that saw the US and Iran exchange five prisoners.
With a deal struck between Washington and Tehran for the release of US prisoners in exchange for billions of dollars of frozen Iranian funds, Iran has said the process of releasing the prisoners will take up to two months.
Iran's new president has said there's no logic to fuel subsidies but has stopped short of cutting the benefit, which could lead to unrest.
As Syria attempts to move on from Assad's legacy, foreign countries and blocs are looking to establish early ties with the new transitional government.
Two Iranian ex-prisoners have opened Cell 16, a successful 'jail restaurant', to help raise funds to free convicts who are in prison for unpaid debts.