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Iran’s president has said his government will decide how it will spend $6bn (£4.8bn) released by the United States under a prisoner exchange deal.

The US has issued a sanctions waiver for international banks to transfer the billions in frozen Iranian funds – paving the way for the release of a British national and four Americans held in Iran.

The assets will be transferred from South Korea to Qatar, which Iran will then be able to use for buying humanitarian goods.

But in an exclusive interview with NBC News, Sky’s US partner network, Iranian President Ebrahim Raisi said: “This money belongs to the Islamic Republic of Iran and naturally we will decide, the Islamic Republic of Iran, will decide to spend wherever we need it.”

Asked by NBC News presenter Lester Holt, in Tehran, if the money will be used for more than humanitarian purposes, Mr Raisi replied: “Humanitarian means whatever the Iranian people need.

“This money will be budgeted for those needs and the needs of the Iranian people will be decided and determined by the Iranian government.”

US secretary of state Antony Blinken signed off on the deal last week, but Congress was only informed on Monday.

Four of those held in Iran were released from prison and placed under house arrest last month, according to US officials.

The US-Iranian dual nationals include businessmen Siamak Namazi, 51, and Emad Shargi, 58, as well as environmentalist Morad Tahbaz, 67, who has British citizenship.

They had all been jailed at the notorious Evin Prison in Tehran on spying charges.

The identity of the fourth US citizen allowed out of prison has not been made public, while a fifth man was already under house arrest.

The agreement also includes the release of five unnamed Iranian citizens held in the US.

Asked by Holt when the Americans will be released, Mr Raisi said: “The arrangements have been done.

“The final action of swapping the prisoners should be finalised in due time.”

Asked if they were in good health, he replied: “Yes, they are very healthy and according to our latest information, they are in full health.”

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The deal has been criticised by Republicans, with senator Tom Cotton of Arkansas accusing President Joe Biden‘s administration of “paying ransom to the world’s worst state sponsor of terrorism”.

Senator Chuck Grassley of Iowa said it was “ridiculous… to be blackmailed”.

The families of the Americans held in Iran said their loved ones are “hostages” taken captive on false charges and used as bargaining chips by the government.

Namazi, who in 2016 was convicted of espionage-related charges the US has rejected as baseless, has been detained by Iran for more than seven years.

Tahbaz was arrested in 2018 and sentenced to 10 years in prison for “assembly and collusion against Iran’s national security” and working for the US as a spy.

Shargi was convicted of espionage in 2020 and also sentenced to 10 years in prison.

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Venezuela accuses Trump of ‘colonial threat,’ after US president ‘closes’ its airspace

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Venezuela accuses Trump of 'colonial threat,' after US president 'closes' its airspace

Venezuela has accused Donald Trump of making a “colonial threat,” after the US president said the airspace “above and surrounding” the country should be considered closed “in its entirety”.

Mr Trump made the declaration amid growing tensions with president Nicolas Maduro – and as the US continues attacking boats it claims are carrying drugs from Venezuela.

He wrote on Truth Social: “To all Airlines, Pilots, Drug Dealers, and Human Traffickers, please consider THE AIRSPACE ABOVE AND SURROUNDING VENEZUELA TO BE CLOSED IN ITS ENTIRETY.”

Air traffic above Venezuela on Saturday afternoon. Pic: FlightRadar24
Image:
Air traffic above Venezuela on Saturday afternoon. Pic: FlightRadar24

Venezuela’s foreign affairs office called it a “colonial threat” and “illegal, and unjustified aggression,” and accused the president of threatening “the sovereignty of the national airspace… and the full sovereignty of the Venezuelan state”.

It added that Mr Trump’s words were part of a “permanent policy of aggression against our country” that breached international law and the UN Charter.

The Pentagon and the White House have so far not given any additional detail on the president’s statement, but it marks the latest escalation in tensions between the North and South American countries

Last week, the American aviation regulator warned of a “potentially hazardous situation” over Venezuela due to a “worsening security situation”.

Nicolas Maduro is widely considered a dictator by the West. Pic: Reuters
Image:
Nicolas Maduro is widely considered a dictator by the West. Pic: Reuters

Venezuela then revoked operating rights for six major airlines, which went on to suspend flights to the country.

Mr Trump warned a few days ago that land operations against alleged Venezuelan drug traffickers would begin “very soon”.

Such a move would be a major escalation in Operation Southern Spear – the US naval deployment in the Caribbean Sea and eastern Pacific that has so far attacked at least 21 vessels.

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Three killed as US strikes another alleged drug boat

Venezuela has said the attacks, which have killed more than 80 people, amount to murder.

The US has released videos of boats being targeted, but hasn’t provided evidence – such as photos of their cargo – to support the smuggling claims.

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Venezuela claims Trump creating ‘fables’ to justify ‘war’

The Pentagon has sought to justify the strikes by labelling the drug gangs as “foreign terrorist organisations” – putting them on par with the likes of al Qaeda.

It claims the boats targeted are carrying drugs bound for the US, although Sky’s chief correspondent says the final destination is likely to be Europe and West Africa.

The US is also offering a reward of $50m for the arrest of the Venezuelan president, who has been indicted in American courts on federal charges of narco-terrorism and conspiracy to import cocaine.

Mr Maduro has denied Mr Trump’s claims that he is involved in the drugs trade himself and said his counterpart wants to oust him so he can install a more sympathetic government.

Venezuelan officials have also claimed Mr Trump’s true motivation is access to the country’s plentiful oil reserves.

Mr Maduro, who has been president since 2013, has been accused of being a dictator who has cheated in elections.

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Police vow to ‘hunt down animals’ behind mass shooting at children’s birthday party in California

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Police vow to 'hunt down animals' behind mass shooting at children's birthday party in California

Police have vowed to “hunt down” the “animals” behind a mass shooting at a children’s birthday party in California.

Three children and a 21-year-old died in Saturday’s shooting at a banquet hall, with 11 more injured.

“We all know that there are people out there [who] are violent and commit violent crimes,” said Patrick Withrow, sheriff of San Joaquin County.

“But these animals walked in and shot children at a children’s birthday party.”

Bystanders watch at the scene of the shooting in Stockton, California. Pic: AP
Image:
Bystanders watch at the scene of the shooting in Stockton, California. Pic: AP

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Children killed in birthday party shooting

Officers were called to the banquet hall in Stockton just before 6pm local time (2am UK time).

Around 100-150 people had gathered to celebrate a child’s birthday.

The sheriff told reporters he had been at a Thanksgiving celebration in Oregon during the incident but “put down my grandbabies to come hunt down these animals who took somebody else’s babies away from them”.

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Investigators examine the scene on Sunday. Pic: AP
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Investigators examine the scene on Sunday. Pic: AP

A man walks near the remains of flares near the site of Saturday's shooting. Pic: Bronte Wittpenn/San Francisco Chronicle/AP
Image:
A man walks near the remains of flares near the site of Saturday’s shooting. Pic: Bronte Wittpenn/San Francisco Chronicle/AP

He appealed for the public to send in “any little bit” of information that could lead to the arrest of the gunmen.

“If you know anything about this, you have to come forward and tell us what you know.”

There is currently nobody in custody over the incident.

First responders attending. Pic: AP
Image:
First responders attending. Pic: AP

Although the investigation is still under way, Sheriff Withrow said there appeared to have been “multiple shooters” who began the attack indoors and then moved outside.

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The shooting was “not a random act”, he said. “They walked into this area and were probably looking for somebody in particular.”

He confirmed that guns had been found on the roof of a nearby building but it was too early to say whether they were “related to this crime”.

Police have also towed multiple cars in the area, some damaged with bullet holes, in case they can be used as evidence.

“Please continue to give us more information,” he said, “and we will follow every single lead.”

A vigil was held for the victims on Sunday, according to local media, with the entire local council in attendance.

On Saturday, Stockton mayor Christina Fugazi said that “families should be together instead of at the hospital, standing next to their loved one, praying that they survive”.

California governor Gavin Newsom’s office added that he had been briefed on the “horrific shooting”.

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Children killed in mass shooting at birthday party in Stockton, California

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Children killed in mass shooting at birthday party in Stockton, California

Children are among the fatalities in a mass shooting at a child’s birthday party in California.

Police said four people had died and 10 were wounded in the incident in Stockton, about 60 miles east of San Francisco.

Officers were called on Saturday to a banquet hall just before 6pm local time (2am UK time) and district attorney Ron Freitas said children were among the dead.

He said the attacker was still at large.

First responders walk through a parking lot near the scene of a mass shooting in Stockton, California. Pics: AP
Image:
First responders walk through a parking lot near the scene of a mass shooting in Stockton, California. Pics: AP

“We can confirm at this time that approximately 14 individuals were struck by gunfire, and four victims have been confirmed deceased,” San Joaquin County Sheriff’s Office said on X.

The post said early indications suggest it could be a “targeted incident” but that information remains limited.

Police have so far not disclosed the attacker’s identity and the motive is unclear.

Stockton’s vice mayor Jason Lee confirmed on Facebook that the shooting on Lucile Avenue happened at a child’s birthday party.

Pics: AP
Image:
Pics: AP

Mayor Christina Fugazzi also said that “families should be together instead of at the hospital, standing next to their loved one, praying that they survive”.

California governor Gavin Newsom’s office added that he had been briefed on the “horrific shooting”.

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