What did Trump propose regarding Iranian frozen assets and US agricultural exports?

President Donald Trump reiterated that funds from unfrozen Iranian assets would be used in part for grain shipments to Iran, potentially creating a new market for American farmers; this proposal was echoed by Vice President JD Vance and presented as a potential avenue for US crop exports, though Iran's Foreign Ministry spokesman Esmail Baghaei rejected the stipulation, stating the funds would be used 'freely, in whatever manner it deems appropriate.'

Why are US farmers cautiously optimistic about exporting crops to Iran despite decades of no trade?

Farmers and traders are cautiously optimistic because Trump's call for US crop exports to Iran could open a new market that has not existed since 1979—when Iran last purchased large volumes of US corn, wheat, and rice—especially amid ongoing uncertainty over trade with China and pressure on crop prices due to ideal US growing conditions and falling crude oil prices.

Trump Call for Crop Sales to Iran Adds Cautious Hope for Farmers

Jun 23, 2026

President Trump proposed using frozen Iranian assets for US grain shipments, potentially opening a new market for farmers despite Iran disputing fund restrictions. Commodity prices reacted to geopolitical tensions and ongoing trade uncertainties with China.

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