US-Iran news LIVE update: Trump says Iran’s unfrozen funds will be under US control and used only for food | Today’s news
USA-Iran LIVE Updates: US President Donald Trump announced on Tuesday that Iran’s unfrozen funds would be under Washington’s control and could only be used by Tehran to obtain food and medical supplies from the US, tackling a major obstacle to peace talks that both sides say are making progress. In a post, Truth Social said, “Money and/or sanctions released by the US Treasury Department go into escrow, controlled by the US, and will be used to purchase food and medical supplies, exclusively from the United States.”
$12 billion Iran fund to be unfrozen ahead of Rubio’s Gulf tour, official says
Iran said on Tuesday that $12 billion of its frozen funds would be released as part of ongoing talks with the US, as both sides generally signaled progress in talks to formally end the war. Reports suggest plenty of tensions remain, including Israel’s war against Hezbollah in Lebanon, and Washington has yet to confirm how Tehran will get hold of its unfrozen funds. The Islamic Republic’s semi-official Mehr news agency, citing Deputy Foreign Minister Kazem Gharibabadi, said Tehran would receive two installments of $6 billion.
The US Senate joined the House of Representatives in voting to end the war on Iran
The US Senate on Tuesday backed legislation ordering Trump to halt Washington’s military action against Tehran, the Republican president’s latest rebuke from an increasingly restive Congress. The Senate voted 50-48 in favor of a war powers resolution that cleared the House earlier this month, reflecting growing concern even among some Trump Republicans about the unpopular conflict that began on Feb. 28. It was the first time both houses of Congress passed a resolution directing the US president to remove the nation’s armed forces from hostilities since the War Powers Resolution, more commonly known as the War Powers Act, was enacted in 1973.
Trump cancels meeting with Iran if IAEA inspection rejects it
On Tuesday, the US president said he would cancel technical talks with Iran if Iran did not allow the International Atomic Energy Agency (IAEA) to conduct nuclear inspections in the Islamic Republic, saying Washington had secured assurances of inspection access as part of ongoing talks. He said: “They’re wrong. They’re wrong. They’re wrong. They know they’re wrong. They told us internally and we have it 100 percent because of the checks. And if they were right, I’d cancel the meetings right now.”
The IEA says the UAE’s oil exports have surged to pre-war levels
Oil exports from the United Arab Emirates (UAE) recovered to around 85 percent of the country’s pre-war levels in early June and rebounded even before Tehran and Washington signed an interim peace deal as the Gulf nation drew on pipelines, storage facilities and alternative shipping routes, an International Energy Agency report said.
The agency said the 4.3 million barrels a day of oil exports from the United Arab Emirates in early June rose from just 1.9 million barrels a day in March, shortly after the war broke out.
