Treasury Secretary Scott Bessent said the U.S. Treasury Department will oversee Iranian funds released under President Donald Trump’s interim agreement with Tehran.
According to Bessent, the first tranche of funds will likely be released from accounts in Qatar, with Treasury officials in Doha monitoring how the money is allocated.
He said the arrangement would help direct spending toward U.S. agricultural and medical products, including corn, wheat, soybeans, and pharmaceuticals.
The report said Iranian officials have pushed back against Washington’s claims, insisting Tehran will decide purchases based on price and quality rather than U.S. conditions.
Questions remain over how the system will operate in practice. Bessent did not disclose the amount of money involved or the enforcement mechanisms. Critics argue the agreement grants Iran economic benefits before broader security concerns are fully resolved.
Related Tweet:
🔴 BREAKING: US Treasury Secretary Scott Bessent has echoed President Donald Trump and has insisted that a large percentage of Iran’s unfrozen assets would be used to buy US foods and medicine even as Iran says it would determine its spending pic.twitter.com/Tfwfxr1JvA
— Al Arabiya English (@AlArabiya_Eng) June 24, 2026
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.@SecScottBessent: "Dollar dominance is essential, and everything @POTUS is doing here — if you look, the new Venezuela... the dollar is going to be the centerpiece of their trade... We're seeing in the Iranian negotiations, the Iranians will be invoicing in dollars. Everything… pic.twitter.com/5IsPYo8aSh
— Rapid Response 47 (@RapidResponse47) June 24, 2026
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