U.S. Treasury will oversee frozen Iranian funds when they're released, Bessent says

Treasury Secretary Scott Bessent announced that once frozen Iranian assets are thawed, the U.S. Treasury will take charge of their distribution, prioritizing U.S. agriculture and medicines. This move underscores the Biden administration's commitment to easing sanctions in a targeted manner, aiming to alleviate humanitarian concerns while maintaining pressure on Iran's broader regime. The decision signals a shift in U.S. foreign policy, seeking to balance economic sanctions with humanitarian aid, which could have broader implications for international relations and economic diplomacy.