Brent crude oil prices fell 3% to $108 per barrel after spiking above $110 on Tuesday, while WTI crude declined nearly 3% and Bitcoin rose back above $83,000 on the news. The diplomatic effort comes as Iran continues strikes on shipping in the Strait of Hormuz and the U.S. weighs potential military responses. While some reports initially claimed Iranian security official Mohsen Rezaei refused to meet Munir during the visit, Iranian media later confirmed the meeting took place.
Wednesday, October 21, 2026
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US and Iran Approve Secret IAEA Visits for $6B Asset Interest
Geopolitics14 hours ago
Washington and Tehran have reached a preliminary understanding to exchange unannounced nuclear inspections for the transfer of profits on locked assets, mediated by Qatar and Pakistan. Under the plan delivered to Tehran by Pakistani Army Chief Field Marshal Asim Munir, the interest earned on $6 billion of Iranian funds in Qatari banks would be released to Iran, rather than the principal assets. In return, Iran would grant the IAEA access for secret, confidential visits to its nuclear facilities to address core U.S. security demands, according to reports from Al-Araby Al-Jadeed and Israel's Channel 12.
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