The scoop: In a breakthrough, Iran and South Korea on Monday agreed to allow Tehran to make use of some of its assets that are frozen in South Korean banks due to US sanctions. A senior Iranian official told Amwaj.media on condition of anonymity that part of the billions in Iranian oil revenues will be used to settle debts and other matters. The breakthrough suggests a tacit green light from the Biden administration to South Korea. This is particularly the case since it comes on the heels of successful talks between Iran and the International Atomic Energy Agency (IAEA) to keep up inspections without violating the Iranian parliament’s “strategic action plan” to compel the US to lift sanctions.

The details: The senior Iranian official confirmed to Amwaj.media that South Korea will allow...