BlockBeats, citing Israel’s Channel 12, reported on Oct. 20 that the United States had approved a mediation proposal delivered by Pakistan’s army chief to senior Iranian officials and that Iran had preliminarily agreed.
Proposal details
The flash said the proposal would partly address Iran’s demand for the return of frozen funds by transferring to Iran the interest generated on $6 billion held in frozen accounts at Qatari banks. The report was a second-hand account and the flash did not provide independent confirmation.
Oil futures move
WTI and Brent crude futures briefly fell by about $0.80 a barrel after the report, according to the same update. The move was described as a market reaction rather than a confirmed causal conclusion.
Source: BlockBeats flash.