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A U.S.-Iran $6 Billion Prisoner Exchange: Ransom Or Realpolitik?

With $6 billion freed up to go in the coffers of the corrupt and repressive regime in Tehran, nobody is happy. But sometimes there is no alternative to the imperfect nature of international diplomacy.

Photo of statues exchanging a frozen handshake

We live in a political world...

Pierre Haski


PARIS — We find ourselves in the kind of scenario John Le Carré would have written about: five prisoners on one side, five on the other, brought to the same place at the same time for an exchange of freedom — simultaneously, $6 billion are transferred to bank accounts. The significant difference is that Cold War prisoner exchanges of Le Carré stories usually took place in Berlin; here, we are in Doha, Qatar, and the prisoners are American and Iranian.

The agreement carried out Monday is making a big splash. Principally because it has been a long time since there have been positive news between Washington and Tehran, and one can legitimately wonder if there will be any repercussions on the impasse regarding the Iranian nuclear issue.

But this exchange is also controversial: it has its critics in the United States who accuse the Biden administration of paying a "ransom" and putting all Americans at risk.

Indeed, the financial arrangement is unique: it does not involve American money, but rather $6 billion of Iranian oil revenue that had been frozen in South Korea due to sanctions. The money was transferred to accounts in Switzerland and Qatar, and Tehran can only access it for its most essential needs. Still, returning money to Iran is met with resistance among Biden's Republican opponents.

No goodwill

U.S. negotiators had made the release of their citizens a condition for any nuclear deal. An obstacle has therefore been removed, but it doesn't mean that a deal is within reach.

The optimism of negotiators, following Joe Biden's election, has long since faded. And the international context has completely changed: the supply of Iranian drones to Russia for use in Ukraine has destroyed the little goodwill that remained on the Western side.

The doors of diplomacy are not closed, despite appearances.

Last week, Germany, France, and the United Kingdom — the three European signatories of the 2015 agreement – announced that they would not lift sanctions against Tehran, which were supposed to expire on Oct. 18 under the original treaty. They argue that Iran is in violation of the nuclear agreement, and the sanctions will remain in place.

A last chance for diplomacy

The possibility of a new nuclear agreement seems difficult to envision, especially with the U.S. election just a year away and the potential victory of Donald Trump. Tehran is well aware that, as in 2018, Trump is likely to cancel the agreement once back in the White House.

Nevertheless, yesterday's prisoner exchange demonstrates that partial agreements are still possible: the doors of diplomacy are not closed, despite appearances. This possibility for agreement reminds us of the six French nationals and the Swedish EU official still held in Iran.

There is a complete discrepancy between symbols, popular emotions, and state diplomacy.

Another major criticism of the prisoner exchange agreement is its timing: 48 hours after the anniversary of the death of Mahsa Amini, the young woman killed by the morality police for wearing her veil incorrectly.

Once again, there is a complete discrepancy between symbols, popular emotions, and state diplomacy. The fact that the Islamic regime is recovering billions of dollars at a time when Iranians are paying the price for their quest for freedom leaves a bitter taste in the context of prisoner releases. But it has a name: realpolitik.

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Murdoch's Resignation Adds To Biden Good Luck With The Media — A Repeat Of FDR?

Robert Murdoch's resignation from Fox News Corp. so soon before the next U.S. presidential elections begs the question of how directly media coverage has impacted Joe Biden as a figure, and what this new shift in power will mean for the current President.

Close up photograph of a opy of The Independent features Rupert Murdoch striking a pensive countenance as his 'News of the World' tabloid newspaper announced its last edition will run

July 7, 2011 - London, England: A copy of The Independent features Rupert Murdoch striking a pensive countenance as his 'News of the World' tabloid newspaper announced its last edition will run July 11, 2011 amid a torrid scandal involving phone hacking.

Mark Makela/ZUMA
Michael J. Socolow

Joe Biden was inaugurated as the 46th president of the United States of America on Jan. 20, 2021.

Imagine if someone could go back in time and inform him and his communications team that a few pivotal changes in the media would occur during his first three years in office.

There’s the latest news that Rubert Murdoch, 92, stepped down as the chairperson of Fox Corp. and News Corp. on Sept. 21, 2023. Since the 1980s, Murdoch, who will be replaced by his son Lachlan, has been the most powerful right-wing media executivein the U.S.

While it’s not clear whether Fox will be any tamer under Lachlan, Murdoch’s departure is likely good news for Biden, who reportedly despises the media baron.

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