The BBC is reporting that the British hostages are to be released by Iran without further delay:
Iranian President Mahmoud Ahmadinejad says 15 British naval personnel captured in the Gulf will be freed.
He repeated allegations that the British sailors and marines "invaded" Iranian waters, but said they would be freed as a "gift" to Britain.
He made the announcement at a news conference, in which he also awarded medals to the commanders who captured the British personnel in the Gulf.
He said the Britons would be released immediately and taken to an airport.
"They are free after this meeting and can go back to their families," Mr Ahmadinejad said.