Iran gets its money but pays off debts

Iran gained access to about $100 billion in frozen assets when an international nuclear agreement was implemented last month, but $50 billion of it already was tied up because of debts and other commitments, a U.S. official said on Thursday. Stephen Mull, the State Department’s coordinator for implementing the agreement, also told the House of Representatives Foreign Affairs Committee there was no evidence Iran had cheated in the first few weeks since the deal was implemented. Mull and John Smith, acting director of the Treasury Department office that oversees sanctions, faced heated questioning from some members of the committee, where some Democrats joined Republican lawmakers in opposing the nuclear pact reached in July.

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