- Trump says any Iranian funds released by Treasury or sanctions relief will go into a U.S.-controlled escrow account.
- He says the money would be used for food and medical supplies from the United States, including corn, wheat and soybeans.
- Iranian officials dispute the U.S. restriction, saying released funds should be used according to Iran's own decisions.
President Donald Trump is trying to narrow the political meaning of Iranian asset relief: not cash for Tehran, he says, but restricted purchases from the United States.
In a Truth Social post reported by AFP, Bloomberg and other outlets on Tuesday, Trump said money or sanctions relief released through the U.S. Treasury would go into an escrow account controlled by Washington. He said Iran could use it for food and medical supplies bought from the United States.
What happened
The statement came as Washington and Tehran continued negotiating the terms around sanctions relief, frozen Iranian funds, nuclear inspections and the future of the Strait of Hormuz after a tentative de-escalation track.
BSS, carrying AFP, reported Trump's claim that released money would be held in U.S.-controlled escrow and used for American food and medical supplies. Trump specifically named farm goods such as corn, wheat and soybeans, presenting the arrangement as both humanitarian relief and a benefit to U.S. farmers.
Swissinfo, carrying Bloomberg, reported the same core statement and added the immediate counterpoint: Iran's Foreign Ministry spokesman Esmail Baghaei disputed the idea that the funds would be restricted to U.S. purchases.
What the funds are
The dispute is about access to frozen or restricted Iranian money and oil revenue, not a simple U.S. cash grant. Earlier reporting has described funds held outside Iran, including money tied to prior oil sales and sanctions-restricted accounts.
The Financial Times reported that the Trump administration agreed to allow Iran to access $6 billion in oil revenue held in Qatar for humanitarian purchases from the United States, with another $6 billion possible under similar conditions. Other reports, citing Iranian officials or state-linked media, have discussed a larger $12 billion figure in two installments.
That is why the exact wording matters. "Unfrozen funds" can mean very different things: unrestricted access, third-country humanitarian payments, oil-revenue licenses, U.S.-supervised escrow or phased relief tied to nuclear and regional commitments.
What is confirmed
Confirmed: Trump says released funds or sanctions relief would be placed into U.S.-controlled escrow. Confirmed: he says the money would be used for food and medical supplies from the United States. Confirmed: corn, wheat and soybeans are part of the public U.S. framing.
Also confirmed from public reporting: Iran disputes the U.S. restriction and says it does not accept the idea that released funds must be spent only on American goods.
What is not confirmed
Not confirmed publicly at publication time: the final legal mechanism, the exact amount, the bank or account structure, whether Iran has signed off on the U.S. escrow framing, and how enforcement would work if Tehran rejects the purchasing restrictions.
Also not confirmed: whether Trump's statement describes an already-agreed term, a U.S. demand, or a public attempt to define the deal before the parties release a shared text.
NoDechev rating: confirmed Trump claim, disputed implementation. Trump said the funds would be restricted to U.S. humanitarian purchases; Iran does not publicly accept that framing.
Why it matters
The escrow line is politically important for Trump. It lets him say he is not giving Iran free money while still offering enough economic relief to keep negotiations alive.
It also turns sanctions relief into a domestic U.S. farm-state story. If Iranian purchases are limited to American agricultural and medical goods, the administration can argue that the relief supports humanitarian trade and U.S. exporters at the same time.
For Iran, the restriction is the problem. Tehran wants access to its own money and will resist an arrangement that makes the U.S. both gatekeeper and seller.
What to watch next
The next signal is a written mechanism: amount, account controller, permitted goods, payment path, verification process, and what happens if Iran tries to spend outside the channel.
Also watch whether Treasury publishes a license or waiver that matches Trump's public description. A social media post can define the political line; the legal instrument defines what can actually happen.
Ready social post
Trump says released Iranian funds will be held in a U.S.-controlled escrow account and used for American food and medical supplies. The caveat: Iran disputes the restriction, and the final legal mechanism has not been published.
Read next: How U.S. sanctions work

Image: United States Treasury building in Washington, D.C. - Carol M. Highsmith / Library of Congress, public domain via Wikimedia Commons.