Trump: Any released Iranian funds will be used solely to buy grain from US farmers

• Trump says Hormuz is fully open and oil shipments have increased.
• Reports progress in Iran talks while warning against future violations.
• Released Iranian assets would be restricted to US food purchases.
• Says oil revenues should support civilians, not military rebuilding.
• Claims his approach helps prevent economic turmoil and addresses regional disputes.

In a series of sweeping statements from the Oval Office, US President Donald Trump announced significant developments regarding international trade, maritime security, and ongoing diplomatic negotiations with Iran.

Striking a balance between optimism and geopolitical pressure, Trump confirmed that global energy transit has stabilized and that negotiators are successfully advancing toward a comprehensive deal.

Hormuz fully open

A primary focus of the President's address was the immediate restoration of critical maritime commerce.

Trump declared a major breakthrough in shipping security, stating that the United States has successfully managed to pass more oil quantities than before.

"The Strait of Hormuz is fully open," Trump announced, adding that "Iran is doing very well with regard to the Strait of Hormuz."

Trump heavily underscored that the current diplomatic economic strategy would prevent international financial instability.

He reassured markets and the public that the specific methodology he is utilizing to handle Iran will not cause a global economic depression.

Good progress in negotiations 

Addressing the diplomatic track, Trump stated that Washington is currently making "good progress" in negotiations to secure a final agreement that he described as both "fair and reasonable."

However, the President coupled this diplomatic optimism with an absolute security guarantee, vowing that "Iran will never possess a nuclear weapon."

Despite the positive trajectory of the talks, Trump maintained a firm deterrent posture, issuing a direct warning to Tehran. "If Iran misbehaves, I will do what I have to do," Trump asserted.

Frozen assets for American agriculture

In a major policy directive regarding sanctions relief, Trump detailed a highly restrictive economic mechanism for handling the release of blocked Iranian capital.

The President mandated that any frozen Iranian funds slated for release will not be granted as unrestricted cash. Instead, the money will be tied directly to the American agricultural sector.

"The frozen Iranian funds that will be released will be used exclusively to purchase food from American farmers," Trump stated.

Expanding on this economic framework, Trump outlined clear boundaries for how Tehran must manage its domestic finances moving forward.

He emphasized that oil revenues are intended for humanitarian purposes rather than defense spending.

"Iran is not supposed to use oil revenues to rebuild its army," Trump explained. "Instead, it should use the money to buy food for its people."

Addressing regional friction

Beyond the immediate scope of the US–Iran negotiations, Trump noted that his administration is actively engaged in untangling broader diplomatic complexities in the Middle East.

Without providing specific operational details, the President concluded by affirming his personal involvement in smoothing over leadership friction, stating, "I am working on solving problems, including those related to Netanyahu."