• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

The U.S. Says Its Delay of the $400 Million Iran Payment Was ‘Leverage’

By
Justin Worland
Justin Worland
,
TIME
TIME
and
Coins2Day Editors
Coins2Day Editors
By
Justin Worland
Justin Worland
,
TIME
TIME
and
Coins2Day Editors
Coins2Day Editors
August 19, 2016, 2:15 AM ET
Marine Held In Iran Since 2011 Returns Home To Flint, Michigan
Amir Hekmati, center, a Marine held in Iran, returns home on January 21, 2016 in Flint, Michigan. Hekmati was released from an Iranian prison this week after being held there since August 2011, when he went to visit his ailing grandmother and was arrested due to being accused of being a spy.Photograph by Sarah Rice — Getty Images

This article originally appeared on Time.com.

Update: The State Department admitted on Thursday that its delay of a $400 million payment to Iran in January was designed “to retain maximum leverage,” The New York Times reported.

State Department spokesman John Kirby said in a briefing that the U.S. “Took advantage of the leverage” to ensure its citizens were released that same day, according to the Times.

Original story: The U.S. Timed a payment of $400 million to Iran to coincide with the country’s release of American prisoners in January, according to a report.

The Wall Street Journal reports, citing anonymous sources, that the U.S. Would not give Iranian officials control of the money until American prisoners had departed Tehran en route to Geneva.

The U.S. Payment to Iran, which was reported when it happened in January, has made headlines in recent weeks after U.S. Presidential candidate Donald Trump and others claimed that the money amounted to ransom. The government says the payment settled a long-standing debt the U.S. Owed to Iran before the current regime came to power.

This story has been updated.

About the Authors
By Justin Worland
See full bioRight Arrow Button Icon
By TIME
See full bioRight Arrow Button Icon
Coins2Day Editors
By Coins2Day Editors
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.