IRAN–US TALKS: LIMITED FLEXIBILITY AS FUND FREEZE AND HORMUZ DEMANDS EMERGE A senior Iranian source told Reuters that the US has shown limited flexibility in ongoing talks, including on Iran’s nuclear program and sanctions relief. Washington has reportedly agreed so far to unfreeze only 25% of Iranian funds on a phased schedule, while Tehran is demanding full access to its assets and a complete lifting of sanctions. Iran’s revised proposal also calls for a permanent end to conflict, reopening of the Strait of Hormuz, and a delayed approach to detailed nuclear negotiations in later stages.(*Walter Bloomberg)