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Trump hedges on Iran using oil profits for military; Iran says no obligation to buy US goods

Market News
22 Jun 2026
CNBC
View Source
Neutral
pluang ai news

President Donald Trump expressed uncertainty about whether Iran would use oil sale profits to rebuild its military, stating the money is supposed to be used to buy food from the US. However, Iran's central bank governor Abdolnaser Hemmati clarified that Iran is not obligated to purchase agricultural products from the US and can buy from other countries if prices and quality are better. This comes amid easing tensions with the US lifting a naval blockade and authorizing Iranian oil imports. The situation remains fluid as peace talks continue and economic ties are cautiously restored.

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