President Trump says Iran's unfrozen assets will buy food from U.S. farmers

President Trump said Iran's unfrozen assets will be used to buy food from U.S. farmers. The statement ties the release of previously restricted funds to agricultural purchases from American producers. No further details on the size of the assets or the timeline for transactions were provided.

Background on asset restrictions Iranian assets have been subject to U.S. sanctions for years. The current announcement marks a shift in how those funds may be applied. Officials have not released additional information on which Iranian entities will conduct the purchases or which U.S. farm products will be involved.