US Agrees to Prisoner Swap With Iran—Plus $6 Billion

The United States and Iran reached a deal to free five U.S. citizens imprisoned in Iran, with Tehran receiving in exchange several jailed Iranians and access to around $6 billion in Iranian oil revenue, sources familiar with the deal told the New York Times.

The five imprisoned Iranian-American dual citizens include businessmen Siamak Namazi, 51, and Emad Shargi, 58, as well as environmentalist Morad Tahbaz, 67, who also has British nationality, said Jared Genser, a lawyer who represents Namazi. The two other U.S. citizens' identities have not been made public.

Iran moved the prisoners to house arrest, in what the Times reported is the first step in an agreement that will see them freed.