Deal reached: Iran transfers American prisoners to house arrest

Iran has transferred five Iranian-Americans from prison to house arrest in exchange for billions of dollars frozen in South Korea, United States and Iranian officials said Thursday, in a deal that comes after months of heightened tensions between the two countries.

Iranian officials at the United Nations confirmed the terms to The Associated Press, saying that the prisoner transfer “marks a significant initial step in the implementation of this agreement.”

Iran also acknowledged that the deal involved $6 billion to $7 billion that were frozen as a result of sanctions. The U.N. mission said the money would be transferred to Qatar before being sent on to Iran if the agreement goes through.