Trump Claims Iran's Frozen Assets Would Fund U.S. Agricultural Purchases

WASHINGTON D.C. – U.S. President Donald Trump declared on Monday, June 22, 2026, that if frozen Iranian financial assets are unfrozen as part of ongoing negotiations, the funds will be redirected to buy agricultural products from American farmers. This statement comes shortly after the U.S. Treasury Department's Office of Foreign Assets Control issued a general license permitting the sale of Iranian crude oil and petrochemicals to the United States until August 21.

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If the sanctions are lifted, the money will come into the country. All of that money will come back to this country through the purchase of food that they so desperately need.

"If the sanctions are lifted, the money will come into the country. All of that money will come back to this country through the purchase of food that they so desperately need," Trump told reporters when questioned about the potential lifting of sanctions. He further elaborated that "the money that we take off will go to our farmers, largely to our farmers."

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The money that we take off will go to our farmers, largely to our farmers.

When pressed on how his administration would prevent Iran from using oil revenues to rebuild its military, Trump responded, "We'll see." He added, "They shouldn't do that, they should use the money to buy food for their people... they buy it openly from us: corn, soybeans. It should be a lot of money."

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We'll see.

Last week, Iran and the U.S. signed a memorandum remotely to end the military conflict that began on February 28. The agreement also includes a deadline for the U.S. to lift its naval blockade on Iranian ports and for Iran to restore shipping in the Strait of Hormuz. Negotiations between Iran and the U.S., mediated by Pakistan and Qatar, took place in the Swiss resort of Burgenstock on June 21.

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They shouldn't do that, they should use the money to buy food for their people... they buy it openly from us: corn, soybeans. It should be a lot of money.