U.S. Treasury will oversee frozen Iranian funds when they’re released, Bessent says
Scott Bessent said the Treasury will oversee the money and direct most of it toward U.S. farm goods, food and medicine.
- On Wednesday, Treasury Secretary Scott Bessent announced the U.S. Treasury will oversee allocation of frozen Iranian funds, with distributions likely routed through Qatar to purchase U.S. foodstuffs and medicine.
- Negotiations involve a memorandum of understanding signed last week for an initial $12 billion release of frozen assets, as both nations attempt to restore restricted bilateral trade ties after five decades of hostility.
- U.S. Vice President JD Vance stated that if assets are unfrozen, the U.S. and Qatar will maintain approval over the process, ensuring funds are used to buy American goods rather than support terrorism.
- Iranian ambassador Ali Bahreini flatly rejected foreign oversight, asserting, "Iran is the only country that will decide what to do with its assets," directly challenging the Western narrative of joint control.
- Foreign Ministry spokesman Esmaeil Baghaei added that purchases will be based on price and quality, not terms dictated by Washington, highlighting sovereignty tensions that persist despite ongoing financial negotiations.
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16 Articles
Frozen funds will never ‘touch Iran’ under Trump-backed MOU, US official tells The Post
The Trump administration is insisting that billions of dollars in frozen Iranian assets will never actually reach Tehran's hands, pushing back on criticism that the White House is preparing to bankroll one of America's most dangerous adversaries.
U.S. Treasury to oversee frozen Iranian funds when they’re released, says Bessent
U.S. Treasury Secretary Scott Bessent said that American officials will directly oversee the release of frozen Iranian funds, ensuring the money goes toward humanitarian purposes rather than the Iranian government.
US Treasury Secretary says unfrozen Iranian funds to be 'recycled into US products'
US Treasury Secretary Scott Bessent asserted that unfrozen Iranian assets will be heavily monitored and recycled to buy American food and medicine. While US Vice President JD Vance highlighted a joint US-Qatari oversight mechanism to prevent terror financing, Iranian UN Ambassador Ali Bahreini flatly rejected any foreign control over Tehran's funds.
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