Trump Claims Iran Will Use Unfrozen Funds to Buy U.S. Agricultural Products

By Chang SeongWon Posted : June 26, 2026, 10:00 Updated : June 26, 2026, 10:00
[Photo by EPA/Yonhap News]


President Donald Trump claimed that Iran will use its unfrozen funds to purchase U.S. agricultural products, a statement that Iran has dismissed as "false."

According to reports from ABC and other outlets, during a dinner with American farmers in the White House Rose Garden on the 25th, Trump stated, "We have seen trade deficits with other countries for years, but this year alone, we have reduced the agricultural deficit by 42%." He added, "The market for U.S. exports is opening up, and we are creating markets for American farmers worldwide."

He continued, "We have a new market, which is the wonderful and beautiful country of Iran. They are in trouble with food issues," and noted, "We will be receiving some of their money to purchase a lot of wheat, soybeans, corn, and more. This process will begin soon, and the scale will be quite large."

This plan suggests that the U.S. intends to facilitate the purchase of American agricultural products using some of the unfrozen Iranian assets. Earlier, Vice President JD Vance also indicated that once Iran's frozen funds are released, they would be used to buy U.S. agricultural products. Observers see this as a gesture to win over the farming community ahead of the midterm elections in November.

However, Mohammad Bagher Ghalibaf, the Speaker of Iran's Parliament, who is representing Iran in negotiations with the U.S., refuted the claims on social media platform X, stating, "The U.S. is making false claims that our unfrozen assets will be used to purchase their agricultural products." He criticized, "What we harvest is only what you have sown," referring to decades of mistrust.

Additionally, during the dinner, Trump mentioned that the U.S. and Iran had signed a memorandum of understanding (MOU), asserting, "We are negotiating with Iran from a position of pure strength," and claimed that the Strait of Hormuz is already open, with Iran agreeing 100% not to develop nuclear weapons, and that both oil prices and inflation are decreasing.



* This article has been translated by AI.

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