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Iran rejects Trump's claim frozen funds will buy US soybeans: What to know

Trump said Wednesday that the US would release “some” Iranian frozen funds and would use them to purchase corn, wheat and soybeans from American farmers.

Speaker of the Parliament of Iran, Mohammad Bagher Ghalibaf (R) arrives at the Burgenstock resort in Obbuergen, near Lucerne on June 21, 2026.
Speaker of the parliament of Iran, Mohammad Bagher Ghalibaf (R), arrives at the Burgenstock resort in Obbuergen, near Lucerne, Switzerland, on June 21, 2026. — Urs Flueeler/Pool/AFP via Getty Images

The United States and Iran are publicly at odds over provisions of the memorandum of understanding they signed last week, with the latest dispute centering on whether Tehran's frozen assets will be used to buy American agricultural products.

What happened: In a post to X on Thursday, Iranian parliament speaker and chief negotiator Mohammad Bagher Ghalibaf wrote that “America falsely claims our unfrozen assets will buy their agriculture.”

“The only crop we're harvesting is what you planted: decades of mistrust. It's organic, abundant, and homegrown. But apparently the US only exports GMO soybeans, broken promises and trash talks,” he added.

The post came after senior US officials said that Iranian assets released under the agreement would be used to purchase American agricultural products.

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