Donald J.Trump lifts Hormuz Strait blockade after Iran concessions, routes sanctions funds to U.S. farmers

said escrow funds controlled by the United States will buy American corn, wheat and soybeans for Iran in what he called a humanitarian crisis.

TrumpWorld

WHITE HOUSE — Donald J.Trump announced that the Strait of Hormuz will remain open following what he described as major concessions by Iran, with sanctions funds directed into a U.S.-controlled escrow for American food and medical supplies, in a Truth Social post on June 23, 2026, at 7:00 AM EST.

Here is the full post (see truthsocial.com): “There would be no further negotiations! Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade. However, all ships are remaining in place should it be necessary to reinstitute the Blockade, which seems, at this point, highly unlikely. The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the U.S.A., 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. These are things that are desperately needed by Iran. This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late. Talks are going well! Thank you for your attention to this matter. Donald J.Trump”

Trump stated that no further negotiations would take place and that Iran had made concessions significant enough to warrant lifting the naval blockade. He did not specify the nature of those concessions but signaled confidence that reinstating the blockade would be unnecessary.

The funds released by the U.S. Treasury will enter an escrow account controlled by the United States, Trump said. The money will purchase food and medical supplies sourced exclusively from American producers, including corn, wheat and soybeans from U.S. farmers. Trump framed the arrangement as a response to a humanitarian crisis inside Iran that required immediate action (see truthsocial.com).

Trump noted that all naval ships remain in position near the strait, preserving the option to reimpose the blockade if conditions change. He described the likelihood of that step as “highly unlikely” given the current trajectory of talks.

The Strait of Hormuz is one of the most strategically important shipping lanes in the world. Roughly one-fifth of global oil supply passes through the narrow waterway between Iran and Oman, making any disruption a concern for energy markets and international trade.

Trump’s decision to channel escrow funds toward American agricultural products could benefit U.S. farmers who grow corn, wheat and soybeans. The arrangement ties sanctions relief directly to domestic procurement, creating a revenue stream for producers while addressing shortages in Iran.

The post did not identify which Iranian officials participated in the talks or what timeline governs the release of escrow funds. It also left open the question of whether the concessions involve Iran’s nuclear program, its regional military activities or other matters.

In the last 30 days, 87 of 646 Trump posts on Truth Social addressed foreign policy topics, according to Zenger analysis.