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00:02Treasury Secretary Scott Besant said Wednesday that the Treasury Department will oversee
00:07Iranian funds released under Trump's Interim Iran Agreement, according to CNBC.
00:12Besant said a large percentage of the money will go toward U.S. foodstuffs and medicines,
00:17echoing Trump's statements about the deal.
00:19He said the initial funds would likely be released from Qatar, with Treasury officials
00:24in Doha overseeing how the money is allocated.
00:26Trump said the funds and sanctions relief would go into a U.S.-controlled escrow account
00:31and be used for food and medical supplies from the United States, including corn, wheat and
00:36soybeans.
00:37Iranian officials rejected the idea that Washington or its partners would dictate how Iran spends
00:43unfrozen assets.
00:44Mechanics of the arrangement remain unclear, including how much money would be released
00:49and how the Treasury would enforce the terms.
00:51For all things money, visit Benzinga.com
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