Trump Says Released Iranian Funds Will Be Held in US-Controlled Escrow for Humanitarian Purchases

Trump Says Released Iranian Funds Will Be Held in US-Controlled Escrow for Humanitarian Purchases

United States President Donald Trump said Iranian funds released under sanctions relief will be placed in a US-controlled escrow account and used exclusively to purchase American food and medical supplies. The announcement comes as Washington and Tehran negotiate key issues, including Iran's nuclear program and broader efforts to secure lasting peace in the Middle East.

United States President Donald Trump announced on Tuesday that any Iranian funds released through sanctions relief or unfrozen by the US Treasury Department would be placed in a United States-controlled escrow account and used exclusively for humanitarian purchases from American suppliers.

In a post on his Truth Social platform, Trump said the money released by the US Treasury would remain under Washington's control and could only be used to buy food and medical supplies from the United States. He specified that the purchases would include corn, wheat, and soybeans supplied by American farmers.

"The Money and/or Sanctions that the US Treasury is releasing goes into escrow, controlled by the USA, and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers," Trump wrote.

Describing the situation as a humanitarian crisis, Trump said immediate assistance was necessary. "This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late," he stated.

Read More India Records Strongest-Ever QS Rankings Performance as IIT Delhi Matches Historic High

The announcement comes after the signing of an agreement aimed at ending the conflict in the Middle East. Washington and Tehran are currently negotiating crucial aspects of the arrangement, including the future of Iran's nuclear program, in an effort to secure a lasting peace.

Read More Amit Shah Meets US Ambassador Sergio Gor in New Delhi; Security Cooperation Takes Center Stage in High-Level Talks

Under the terms being discussed, Iran is expected to receive a form of sanctions relief from the United States along with the unfreezing of assets. As negotiations continue, the US Treasury Department said on Monday that it was temporarily lifting sanctions on Iran to allow the country to produce, sell, and deliver crude oil and related products through August 21.

Read More ISKCON to Pilot Hygienic Mid-Day Meal Programme in Kolkata Government Schools

The decision marks a significant development in the ongoing diplomatic process between Washington and Tehran, with humanitarian assistance and the future of Iran's nuclear program emerging as central issues in efforts to establish long-term stability in the region.

Tags:

About The Author

Post Comment

Comment List

Latest News

Live Cricket Score

Advertisement

Science & Tech

India’s SUV Market Set for Major Shake-Up as Tata, Nissan, and Skoda Prepare High-Profile Launches India’s SUV Market Set for Major Shake-Up as Tata, Nissan, and Skoda Prepare High-Profile Launches
India’s SUV market is set for a major shift with upcoming launches from Tata Motors, Nissan, and Skoda. The Tata...
Kawasaki Launches 2026 Ninja 500 in India at Rs 5.76 Lakh, Intensifying Middleweight Motorcycle Segment Rivalry

Health

Coffee-Based Home Remedies Gain Ground as Dermatologists Highlight Natural Skincare Benefits Coffee-Based Home Remedies Gain Ground as Dermatologists Highlight Natural Skincare Benefits
A growing number of dermatologists are endorsing coffee-based home remedies as natural, affordable alternatives to commercial skincare. From face scrubs...
Moringa’s Rise as a Global Superfood Gains Momentum Amid New Research

Lifestyle

 Food Pharmer Sparks Nationwide Debate Over Cheeslings Ingredients, Raises Questions on Food Safety Standards Food Pharmer Sparks Nationwide Debate Over Cheeslings Ingredients, Raises Questions on Food Safety Standards
Food influencer Revant Himatsingka, known as Food Pharmer, has sparked nationwide debate after revealing Cheeslings’ low cheese content and high...
From Gym Floor to City Streets: The Unexpected Revival of the Lopifit Treadmill-Bike
crossorigin="anonymous">