News Wire | September 12, 2023 Archive

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U.S. Advances Deal With Iran to Swap Prisoners, Free Frozen Oil Funds

By John Hudson | The Washington Post

The Biden administration has issued a waiver for banks to transfer $6 billion in frozen Iranian oil funds without fear of U.S. sanctions — a key step in securing the release of five American citizens detained in Iran, people familiar with the matter said. As a part of the arrangement, the administration will release five Iranian citizens detained in the United States.

China’s Navy Starts Largest-Ever Exercises in Pacific Ocean

By Kathrin Hille | Financial Times

The Shandong, the People’s Liberation Army Navy’s second aircraft carrier, was on course on Tuesday to converge with more than 20 other Chinese warships in waters between Taiwan, the Philippines and the US Pacific territory of Guam, two Asian security officials said.

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