Trump declared on Tuesday that Iran has agreed to the "highest level" of nuclear inspections "long into the future" and lifted a naval blockade on the Strait of Hormuz, while asserting that unfrozen Iranian assets will be used to purchase American agricultural products.
"Despite their protestations and false statements to the contrary … Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!). This will insure 'Nuclear Honesty'", Trump wrote on Truth Social, adding that without that agreement "there would be no further negotiations".
He also announced he had decided to keep the strait open. "Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade", Trump wrote, while noting that U.S. vessels would remain in position in case a blockade needed to be reinstated — an outcome he called "highly unlikely".
On the question of frozen assets, Trump said released funds would go into a U.S.-controlled escrow account and be spent "exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers", framing it as a response to a humanitarian crisis. "This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late. Talks are going well", he wrote.
Iran's central bank governor disputed that framing, saying his country is not obligated under the existing agreement to purchase U.S. agricultural products, though he allowed that Iran might do so if prices and quality were competitive.
The announcements follow a 14-point memorandum of understanding reached June 14 after Pakistani mediation, signed electronically by Trump and Iranian President Masoud Pezeshkian on June 18. The two sides have given themselves 60 days to negotiate a final deal. The U.S. Treasury suspended oil and petrochemical sanctions on Iran for 60 days on Monday, and the first USD 6 billion in frozen Iranian assets has been released.
Vice President JD Vance had said Monday, following talks with an Iranian delegation in Switzerland, that Tehran had agreed to allow International Atomic Energy Agency inspectors to return. Vance also described a proposal — floated by presidential son-in-law Jared Kushner and a Qatari delegation — that any future unfrozen Iranian assets be spent on American farm goods, though he characterized it as a possible future scenario and said no funds had yet been released, contradicting Iran's account.
Iran has already resumed oil exports. According to vessel-tracking platform TankerTrackers, the country exported 36 million barrels of crude in the week since the memorandum was signed. Trump separately claimed Monday's traffic through the Strait of Hormuz — 19 million barrels — set an all-time record. According to the International Energy Agency, however, average daily flow through the strait exceeded 20 million barrels throughout 2025.
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Source: Polish Radio, PAP