Talks Continue to Unlock Iran’s Forex Assets in Iraq

Iran and Iraq are holding talks for the release of blocked Iranian assets in the Arab country. According to Yahya Al-e Es’haq, head of the Iran-Iraq Joint Chamber of Commerce, the ongoing talks so far have been “positive.” 
Al-e Es’haq said Tehran’s claims from Iraq “differ but are estimated between $7 billion to $10 billion. Most of the debt “will be paid soon given Iran's agreement [last week] with Saudi Arabia and other positive developments in the region,” IBENA quoted him as saying. 
Iran and Saudi Arabia on Friday agreed to restore diplomatic ties after almost seven years with China’s mediation. 
The two countries severed diplomatic ties in 2016 after a group of hardline Iranians stormed the Saudi Embassy in Tehran following the kingdom’s execution of a prominent Shia cleric.