U.S. President Donald Trump and Vice President JD Vance say their interim deal to end the war with Iran will deliver a financial windfall to American farmers.

But the Iranians deny it. And, in the absence of more details, sanctions experts are flummoxed over exactly how billions of dollars’ worth of Iranian assets would make their way to the American heartland from the escrow accounts where they’ve been locked for years by U.S. sanctions.

A tentative agreement reached last week would reopen the Strait of Hormuz, through which a fifth of the world’s oil and natural gas once passed, and allow Iran to start selling its oil freely again during a 60-day period when the two countries will continue negotiating key issues. The memorandum of understanding also promised to unfreeze Iranian assets.

Trump’s deal has come under fire for failing to address the reasons the president cited for going to war with Iran on Feb. 28, including curbing Tehran’s nuclear ambitions, its missile program and its support for militant groups such as Hezbollah in Lebanon and Hamas in Gaza.

Lashing back at critics Tuesday on his Truth Social media platform, Trump said U.S. farmers would get a payday: The U.S. Treasury Department, he wrote, would release the Iranian assets “into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American farmers. These are things that are desperately needed by Iran.’’

Vance, who spoke about the proposal after high-level talks in Switzerland, and Trump say that any frozen funds and assets held outside of Iran will be used to buy U.S. crops.

  • numbermess@fedia.io
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    13 hours ago

    He’s posting right now that he’s going to have the oil companies investigated because his brain has somehow retained a portion of a message he heard that fuel prices are up and climbing. So naturally he acts first and thinks never to say that gas prices must come down, completely ignoring that all of this stupid bullshit is entirely his own fault.

  • Zedstrian@sopuli.xyz
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    20 hours ago

    The U.S. Treasury Department, he wrote, would release the Iranian assets “into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American farmers. These are things that are desperately needed by Iran.

    If Iran buys food from anywhere, the U.S. is surely the last place they’d choose to get it from.

    • ShaggySnacks@lemmy.myserv.one
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      18 hours ago

      The problem is that you are not thinking like a grifter. It’s going to be some Trump lackey in charge of the escrow fund, who’s sole job is to make sure that escrow money goes into Trump and Co’s pockets.

  • PattyMcB@lemmy.world
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    19 hours ago

    Bomb them and then give them a fuckload of money and lie about it being a boon to our farmers!

    I really hate this administration and all it stands for

  • Optional@lemmy.world
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    19 hours ago

    AP, CNN, CBS, WaPo, and natch NYT and even everyone’s news-source-next-door NPR are all complicit in this shit.

    They know exactly how fucked up this is. And they ain’t sayin shit.

  • ZeroCool@piefed.ca
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    19 hours ago

    Trump’s deal has come under fire for failing to address the reasons the president cited for going to war with Iran on Feb. 28, including curbing Tehran’s nuclear ambitions, its missile program and its support for militant groups such as Hezbollah in Lebanon and Hamas in Gaza.

    That’s because it was never about any of that. Trump started a war to distract from the Trump-Epstein files.

    • Lemmayng@lemmy.world
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      17 hours ago

      And he ended up losing the war, and the Epstein files are still on everyone’s minds.

  • mkwt@lemmy.world
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    17 hours ago

    Yeah, Iran is not going to buy our damn soybeans.

    EDIT: By the way, did I mention we’re running a special on soybeans?

  • Arancello@aussie.zone
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    16 hours ago

    The real program will see $300 billion released into a us escrow account then $12billion for usa farmers . The rest is bonus and commission for witkof and kushner who negotiated the “winning” deal.