Iran’s Mehr news agency has a draft deal with the United States which would, if adopted, secure the release of $24 billion in frozen assets within a 60-day period, AFP reports.

The agency, citing a source close to Iran’s negotiating team, said an accord would allow for the “release of $24bn of Iran’s blocked funds during the 60-day final negotiation period.” It added that half of that sum would be “made available to Iran before the start of negotiations.”