How much of Iran's frozen funds is set to be unfrozen, and in what form?

Iran stated that $12 billion of its frozen funds will be released in two installments of $6 billion each, according to Deputy Foreign Minister Kazem Gharibabadi as reported by the semi-official Mehr news agency.

What is the US position on how Iran will use the unfrozen funds?

JD Vance, Trump’s vice president and lead US negotiator, said Iran would use the funds to purchase American soy, wheat, and corn.

Iran Says $12 Billion to Be Unfrozen Ahead of Rubio’s Gulf Tour

Jun 23, 2026

Iran confirms $12 billion in frozen funds will be released during US negotiations, potentially funding purchases of American soy, wheat, and corn. Oil prices remain volatile near $78 per barrel amid ongoing tensions over the Strait of Hormuz.

bloomberg

2026-06-23

Iran Says $12 Billion to Be Unfrozen Ahead of Rubio’s Gulf Tour

Iran Says $12 Billion to Be Unfrozen Ahead of Rubio’s Gulf Tour

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