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.

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.