Iran to get first $695 million of blocked $5.3 billion on Feb 1

January 13, 2014 6:27 AM WASHINGTON (REUTERS) - Iran will receive the first US$550 million (S$695 million) instalment of a total of US$4.2 billion in previously blocked overseas funds on or about Feb 1, a senior US official said on Sunday, Jan 12, 2014.