Washington DC, June 24 -- US Treasury Secretary Scott Bessent has insisted that a large portion of unfrozen Iranian assets would go towards purchasing US food and medicine, despite claims from Iranian officials that they have made no such commitment.

Speaking to CNBC, Bessent declared, "Any money that the Iranians get is going to be used, first, for the benefit of the Iranian people."

Bessent stated that his department will directly oversee the allocation of the funds, likely distributed through Qatar.

Elaborating on the financial mechanism, Bessent said, "A very large percentage of it will go to buy US foodstuffs and medicine," adding, "So we will be recycling the money back into US products."

These assertions come amidst an evolving...