State Department Denies Reports of Iran Prisoner Swap for $7 Billion in Unfrozen Funds

State Department spokesman Ned Price speaks during the daily press briefing at the State Department in Washington on Feb. 25, 2021. Nicholas Kamm/Pool/AFP via Getty Images

The United States and Iran have both denied reports that a prisoner swap deal has been reached in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions.

A Sunday report by Iranian state television cited anonymous “informed” sources claiming that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of the frozen funds.