Trump Outlines Commercial Condition for Unfreezing Iran's Assets – Bloomberg

U.S. President Donald Trump has set a strict condition regarding Iran’s use of frozen financial assets, which are to be unfrozen as part of new diplomatic agreements. The American leader stated that these funds will be controlled by Washington and used exclusively for the purchase of American goods. 

On his social media platform Truth Social, Donald Trump noted that all funds unblocked by the U.S. Treasury Department will be deposited into a special escrow account under the full control of the United States. 

According to the president, Tehran will be able to use this money only to purchase food and medicine directly from the United States. Trump emphasized that this will help support American farmers through exports of corn, wheat, and soybeans, which Iran urgently needs amid the humanitarian crisis. This decision was made after the U.S. Treasury Department issued a temporary 60-day license for the sale of Iranian oil within the framework of the new peace agreement.

At the same time, Tehran took the opposite stance, indicating serious differences between the parties during the negotiation process. Esmail Baghai, a spokesperson for the Iranian Ministry of Foreign Affairs, publicly refuted Trump’s claims. He emphasized that his country plans to dispose of the billions of dollars it has received with complete freedom and in any way the Iranian authorities deem appropriate, without limiting themselves to purchases on the U.S. market. The head of the Central Bank of Iran also added that the republic has no binding obligations to purchase U.S. products, although it may consider such offers if the price and quality prove to be competitive.

The White House chief’s official statement was published by the Bloomberg news agency.

As a reminder, global prices for Brent crude fell following the conclusion of talks between the U.S. and Iran in Switzerland, during which Tehran announced that it had secured exemptions for the export of oil and petrochemical products. This eased market concerns about a potential supply shortage.

Global oil prices fell sharply on Thursday, June 19, amid reports of an agreement between the U.S. and Iran. Brent futures fell to $77.96 per barrel, while WTI futures dropped to $74.96, their lowest levels since late February.

The U.S. and Iran will create a $300 billion fund to revive the economy — Reuters.

Peace on Tehran’s terms: why the deal with Iran looks more like a U.S. capitulation.