Trump Says Iran's Unfrozen Funds to Remain Under US Control [View all]

President Donald Trump said Iran will only be able to use funds released from frozen accounts to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress.

The billions of dollars of unlocked financing will go “into escrow, controlled by the U.S.A.” and will be used for the purchase of US-grown products such as corn, wheat and soybeans, Trump said in a post on Truth Social on Tuesday.

He added that Iran had agreed to “highest level Nuclear inspections long into the future” in the parallel negotiation over Tehran’s atomic activities, a central part of the discussions to end the near four-month war and keep the critical Strait of Hormuz open.

However, Iran’s Foreign Ministry spokesman Esmail Baghaei disputed both notions, saying the funds would be used by his country “freely, in whatever manner it deems appropriate,” rather than being restricted to purchases from the US.

https://www.bloomberg.com/news/articles/2026-06-23/iran-says-12-billion-to-be-unfrozen-ahead-of-rubio-s-gulf-tour?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4MjIzNzEyMiwiZXhwIjoxNzgyODQxOTIyLCJhcnRpY2xlSWQiOiJUSDJMWUtLR1pBTEQwMCIsImJjb25uZWN0SWQiOiJDNjgyQTUwQzJCRDM0MTFCQTgwQjEwQjZEQjczQzM1MSJ9.SBjHhxNHKe9ARITxVH2vlcTKDZ5scwqZoB-ztfBNjRs