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Treasury Secretary Scott Bessent has said that frozen Iranian assets, once released, will be managed directly by the U.S. Treasury Department and channeled primarily toward American agriculture and medicines.
The statement places Treasury at the center of any future capital flows stemming from Iranian holdings currently held in escrow, asserting executive-branch oversight over both the custody and the end-use of those funds.
For markets watching the intersection of sanctions policy and commodity sectors, the comments carry direct implications for how sovereign asset releases get structured.
Treasury Takes the Wheel on Custody and Allocation Bessent's framing is deliberate: Treasury oversees the funds, not a third-party intermediary or a multilateral escrow mechanism.
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