June 24, 2026

Treasury to Oversee Release of Frozen Iranian Funds Under Trump Deal

Treasury Secretary Scott Bessent announced that the Treasury will oversee the release of frozen Iranian funds under President Trump's interim agreement.
A significant portion of the funds is expected to be used for U.S. food and medicine, potentially benefiting American farmers and producers.
The agreement faces criticism from congressional Republicans who argue it offers too much to Iran without sufficient security guarantees.
Iranian officials dispute U.S. control over how the funds are spent, indicating purchases will depend on market conditions rather than U.S. stipulations.