FRANKFURT (Reuters) - Iran is forgoing plans for now to transfer about 300 million euros (270.49 million pounds) in funds held in Germany to Iran after strong opposition from the United States, said two sources with knowledge of the matter on Wednesday.

The funds are held at the Hamburg-based Europaeisch-Iranische Handelsbank (eihbank). The bank wasn't immediately available for comment.

The development was earlier reported by the German daily Sueddeutsche Zeitung and the broadcasters NDR and WDR.

(Reporting by Hans Seidenstuecker and Frank Siebelt; Writing by Tom Sims; Editing by Michelle Martin)

Neuer Inhalt

Horizontal Line

SWI on Instagram

SWI on Instagram

SWI on Instagram

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters