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From the Liveblog of
Wednesday, June 24, 2026
From the Liveblog of
Wednesday, June 24, 2026
Treasury secretary insists Washington will manage Iran’s unfrozen funds, use them for US food, medicines
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Treasury Secretary Scott Bessent listens during a state dinner with President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026, in Beijing. (AP Photo/Mark Schiefelbein)
US Treasury Secretary Scott Bessent echoes President Donald Trump and insists that a large percentage of Iran’s unfrozen assets will be used to buy US foods and medicine even as Iran says it will determine its own spending.
Bessent, in an interview on CNBC, adds that the US Department of Treasury will have an operation in Doha to oversee the funds.
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