The US could unfreeze between $6 billion and $9 billion in Iranian assets if Washington and Tehran reach an agreement.

A joint initiative by Qatar and Pakistan has helped revive a serious negotiating process between the US and Iran, Al Arabiya reports.

Under the proposed framework, Washington would release Iranian funds currently frozen under US restrictions if the two sides reach an agreement.

The reported terms also include reopening the Strait of Hormuz and immediately lifting the maritime blockade of Iran.

The potential arrangement would therefore address both financial restrictions on Tehran and key maritime issues in the region.

However, the reported proposals remain subject to negotiations, and no final agreement has been announced.