The World Mind

American University's Undergraduate Foreign Policy Magazine

A $6 Billion Deal: The US-Iran Prisoner Swap

Middle EastGuest User

On September 19th, five Americans returned home after being imprisoned, some for years, in Iran. Their return was swapped for the five Iranians held in U.S. custody–accused of violating U.S. sanctions– along with the unfreezing of $6 billion in Iranian oil revenue funds. After two years of volatile negotiations, President Biden said the swap was finally executed bringing innocent Americans home. However, the deal garnered much criticism from Republicans claiming the release of billions in Iranian oil revenue would only incentivize the capturing of more Americans. 

The swap was cautiously arranged with mediated talks between the U.S. and Iran through Qatar when the oil revenue funds were successfully transferred to banks in Doha. When the transfer was confirmed, the five U.S. prisoners departed on a Qatari plane from Tehran– Iran’s capital– while simultaneously, two of the Iranians in U.S. custody arrived in Doha on their route home. Three of the five Iranian hostages chose to not return to Iran. 

Businessmen Siamak Nazami, 51, and Emad Sharqi, 59, along with environmentalist Morad Tahbaz, 67, are amongst some of the freed Americans– the other two choosing not to be publicly named. 

The exchange dissipates a small portion of the extensive tense relations between the U.S. and Iran. Although this major humanitarian issue has been resolved between the two countries, it is uncertain whether or not they will work on other issues they have– such as Iran’s nuclear program– or if tensions between them have even deescalated despite President Biden’s efforts. Although there is still much contention between the countries, Iranian President Ebrahim Raisi believes the prisoner swap “...can certainly be a step based upon which in the future other humanitarian actions can be taken." Although it is a mere point of friction that has been resolved, it poses a possibility of cooperation between Iran and the U.S. in renewing their relations. 

On the contrary, many Republicans believe that this swap has further polarized relations between the countries as it may prompt Iran to hold more Americans hostage in anticipation of some monetary reward. Biden aides, however, express that the $6 billion in oil revenue belongs to Iran and is not some extraneous form of payment. The money was wired to restricted bank accounts in Qatar for the purpose of surveilling the money– laden with financial sanctions– to ensure it is spent on humanitarian goods. Both parties acknowledge, however, that the deal may allow Iran to spend the money they were previously allocating towards humanitarian goods for other purposes. There have been concerns not only about the issue of releasing extensive funds to Iran but the issue of American safety. Republican Senator Tom Cotton, of Arkansas, declared on X, the social media platform previously known as Twitter, that “Joe Biden’s embarrassing appeasement not only makes Iran stronger, it makes America less safe.” There is concern that the money they once dedicated towards humanitarian goods are now freed to be used as funding for their nuclear program, which is another strained conflict between Iran and the U.S. 

Before freeing the prisoners, there were talks between the U.S. and Iran to convene on a broader conflict– Iran’s nuclear program. The countries strived to reestablish the Obama nuclear deal, which limited Iran’s nuclear program in exchange for sanctions relief, but Iran continued making insistences on its nuclear program that was not sustainable for the U.S. Along the way, talks of a redefined nuclear deal had become intertwined with the release of the American prisoners. To the negotiators acting on behalf of each country, it was eminent that the U.S. would not continue with an expensive prisoner swap when a nuclear deal was not settled. Suddenly, the release of the prisoners was contingent upon a solidified nuclear deal, which showed potential for a breakthrough in a cooperative relationship between the countries in easing tensions. However, it has also illuminated the growing concern for America’s safety in regards to Iran’s nuclear program. 

Despite this, much time elapsed and no deal was confirmed. Many individuals, including the families and lawyers of the prisoners, urged President Biden to overlook politics and bring their loved ones back home. Iran had come to the conclusion that, if they could not obtain a nuclear deal with the U.S., they first had to settle smaller matters– the prisoner swap– to begin to minimize tensions with the U.S. in order to eventually settle larger matters such as achieving sanctions relief and a nuclear deal breakthrough. Within a few weeks, a written agreement was  produced and the American prisoners were finally free. However, there was yet another delay. The fifth prisoner, a California woman, was recently arrested while doing aid work in Afghanistan. The release was delayed for another several weeks as they had to rearrange the agreement to encapsulate her release as well. Finally, the American prisoners were released– some from the Evin Prison (a detention center in Iran notorious for torture) and returned home. 

The success of bringing the prisoners back home sparked hope for Biden’s vow to continue to work for the release of more U.S. citizens imprisoned internationally. The Democratic party, in particular, views this as a stepping stone in working together with Iran to solve its humanitarian issues along with other broad affairs between the countries. However, there is widespread concern from the Republican party on this exchange and what it implies for the future. Many believe it is far too costly of a deal and there is no insurance of whether or not Iran will spend the billions in funds on humanitarian purposes. Secretary of State Anthony Blinken asserts that the deal did not give Iran access to U.S. funds but their own money. He also claimed Washington will ensure that the $6 billion oil revenue only goes toward humanitarian purposes. But how will this be ensured? On September 12th, just days before the prisoners’ release, Iranian President Ebrahim Raisi proclaimed in an interview with NBC News that Iran will spend the $6 billion “wherever” it wants. This assertion goes directly against the convictions of government officials assuring Iran will spend the money on humanitarian needs leaving much uncertainty around the deal. 

There is certainly heightened polarization between the parties regarding the prisoner swap. With the multitude of views on the issue, it is difficult to discern what it implies for the future of Iran-U.S. relations. Most Democrats believe that the deal has opened up a forum for the countries to work together in resolving more of their conflicts. Most Republicans believe that this return of immense funds will only propel Iran to capture more Americans. They also believe it has generated a state of precariousness as we wait to see what Iran does with the funds. Republican Senator Marsha Blackburn condemned the swap on X writing, “On the anniversary of 9/11, Joe Biden handed over $6 billion to Iran. Under this administration, our enemies are getting stronger.” However, Iran was not a part of the 2001 terrorist attack. This post undeniably contributes to the already prevalent racial and cultural polarization between the U.S. and Iran by associating a Muslim country– Iran– with the 9/11 attack. This narrative along with the uncertainty surrounding the use of the funds may add to an already tense, polarized relationship between the U.S. and Iran. 

It is not yet clear whether the swap bolsters polarization between Iran and the U.S. In a way, they have worked together on an agreement that solved a common conflict; however, there are still many more central issues between them to be resolved along with the apprehension of what is to arise from Iran’s choice of spending on the funds. Although the return of American prisoners has restored hope in the United States’ future dealings with Iran, the premises on how the deal was arranged may prove to further sever the countries relations with one another.