10:13 AM
U.S. and Qatar will ensure released Iranian assets do not finance terrorism, says Vance
Vice President JD Vance said Monday thatWashington can ensure any frozen Iranian funds releasedas a result of theongoing negotiations will not finance terrorism.
"If we ever unfreeze Iranian assets, we can ensure that … Iranian money goes to help the people of Iran and not to fund terrorism," Vance told reporters Monday, after the first round of direct talks with Iran since President Trump and his Iranian counterpart signed a memorandum of understanding last week.
Vance said Mr. Trump's son-in-law and senior adviser Jared Kushner, along with Qatar, which mediated the talks along with Pakistan,had come up with "a very interesting solution" to ensure that any seized financial assets released to Iran are not misused.
"If there is any frozen Iranian assets that are unfrozen, then we have approval over that process;the Qataris have approval over that process," he said.
Vance called it "a classic Trump deal, where if Iranianassets are ever unfrozen, they're going to go to make American farmers richer and to feed the Iranian people," suggesting some of the money could be used to purchase American corn, soy and wheat.
AFP/CBS
9:45 AM
U.S. Treasury clears Iran to sell its oil on global markets through August
The U.S. Treasury, making good on a condition of the memorandum of understanding with Iran signed last week by President Trump,cleared Iran to start selling its oil and gas again on Monday.
The Treasury confirmed in a statement that itwas waiving all existing U.S. sanctions on "the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian-Originthrough August 21, 2026."
The waiver also means the U.S. can import crude oil and other "petrochemical and petroleum products of Iranian origin" for domestic use.
Iran's oil and gas sales had been heavily sanctioned by the U.S. government since President Trump launched his "maximum pressure" campaign on Tehran after pulling the U.S. unilaterally out of the previous nuclear deal negotiated by the Obama administration.
The lifting of the sanctions energys will give Iran a huge financial boost while it continues negotiatingwith the U.S. to reclaim its roughly $100 billion in frozen financial assets — money the White House says it can ensure is only used for humanitarian purposes.
https://www.cbsnews.com/live-updates/iran-us-deal-trump-war-negotiations/#post-update-63f02fa5