Iranian central bank governor Hemmati told Tasnim the country is not obliged to use unfrozen funds to purchase U.S. agricultural products, responding to President Trump’s assertion that the funds should be spent entirely on U.S. farm exports. Hemmati said the use of the initial $6 billion will follow a 2023 Iran–U.S. memorandum of understanding and cover basic commodities and medicines, and that Iran would not rule out buying U.S. goods if price and quality are preferable.

2026-06-23

Iranian central bank governor Hemmati told Tasnim the country is not obliged to use unfrozen funds to purchase U.S. agricultural products, responding to President Trump’s assertion that the funds should be spent entirely on U.S. farm exports. Hemmati said the use of the initial $6 billion will follow a 2023 Iran–U.S. memorandum of understanding and cover basic commodities and medicines, and that Iran would not rule out buying U.S. goods if price and quality are preferable.