India, June 23 -- US President Donald Trump on Tuesday said that any Iranian funds released under sanctions relief would be placed in a US-controlled escrow account and could only be used to buy food and medical supplies from the United States.

"The Money and/or Sanctions that the US Treasury is releasing goes into escrow, controlled by the USA, and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers," Trump posted on his Truth Social platform.

"This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late."

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Meanwhile, Iran said $12 billion of...