US to release $6 billion of frozen Iranian oil revenue as part of prisoner release deal

• The Biden Administration plans to release $6 billion in Iranian oil revenue in exchange for five US prisoners.
• The transaction aims to decrease tensions between the countries, and help restore the Iran Nuclear Deal.
• Iran lost access to tens of billions in revenue after the Trump Administration pulled out of the pact.

The Biden Administration signaled intentions to unfreeze $6 billion in Iranian oil funds, alongside plans to release five Iranian prisoners, The Financial Times reported.