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US Treasury Secretary Scott Bessent has insisted that a large portion of unfrozen Iranian assets would go towards purchasing US food and medicine, despite claims from Iranian officials that they have made no such commitment, Al Jazeera reports.
“Any money that the Iranians get is going to be used, first, for the benefit of the Iranian people,” Bessent tells CNBC.
He adds that the US Treasury will directly oversee how the funds — likely distributed through Qatar — are allocated.
“A very large percentage of it will go to buy US foodstuffs and medicine,” says the US Treasury secretary. “So we will be recycling the money back into US products.”
