US President Donald Trump said negotiations with Iran had made major progress, claiming Tehran agreed to indefinite top-level inspections of its nuclear facilities in exchange for the end of the US naval blockade of the Strait of Hormuz. His post also laid out how unfrozen funds would be handled and what they could be used for.
Inspections described as the key condition
In the post, Trump said Iran had agreed “fully and completely” to the highest level of inspections for an unlimited period, framing the demand as a test of what he called “nuclear honesty.” He added that no talks would have continued without that concession.
Based on that and what he described as other major Iranian concessions, Trump said the US would keep the Strait of Hormuz open and would not impose additional naval blockades. He also said US warships would remain in position and could restore the blockade if needed, though he called that outcome “highly unlikely” at this stage.
Unfrozen money to be held in escrow under US control
Trump also addressed sanctions relief and the destination of released funds. According to his statement, money being freed by the US Treasury, along with sanctions waivers, would be placed into a third-party escrow account controlled by the United States.
Those funds would be restricted to purchases of food and medical supplies from the US. He specifically mentioned corn, wheat, and soybeans bought from American farmers, presenting the measure as a humanitarian response to urgent shortages inside Iran.
Talks called “very successful” as oil supply worries ease
Trump ended the post by saying the negotiations were going very well. The report also linked the development to a previously announced 60-day temporary license for Iranian oil sales issued by the US Treasury.
With the Strait of Hormuz remaining open and Iranian oil potentially returning to market, the source article said concerns over global crude supply could ease and inflation expectations could come down. For crypto traders, shifts in energy prices and macro risk often affect broader risk assets, but the source did not include any immediate market move in Bitcoin or other digital assets.