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U.S. Treasury to monitor Iran funds

U.S. Treasury to monitor Iran funds

U.S. Treasury Secretary Steven Mnuchin stated that the United States will oversee Iranian funds after their release, with a large portion allocated for the purchase of American products and directly benefiting the Iranian people. This comes at a time when U.S. President Donald Trump emphasized that the frozen funds will only be spent on American goods, and warned that Iran would face a halt in negotiations if it imposes tolls to pass through the Strait of Hormuz.

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