Trump Takes Control of Iran's Vault via Washington-Managed Bank
U.S. President Donald Trump announced that any Iranian funds released as part of sanctions relief will be transferred to an escrow account managed by Washington, with the aim of enabling Tehran to purchase foodstuffs and medical supplies from the United States, including corn, wheat, and soybeans. This comes in the context of negotiations between Washington and Tehran regarding the future of Iran's nuclear program and the easing of sanctions imposed on Tehran. The U.S. Treasury Department also announced a temporary lifting of sanctions on Iranian oil until August 21, as negotiations aimed at de-escalation continue.
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