President Trump said Iran has fully agreed to accept long-term, potentially permanent, highest-level nuclear inspections and warned there would be no further talks if Iran refused. He said he has agreed not to impose a maritime blockade on the Strait of Hormuz and to keep the waterway open, though US vessels will remain on standby to reimpose a blockade if necessary. Any US Treasury disbursements and/or sanctions relief will be placed in a US-controlled escrow account and restricted to purchases

President Trump said Iran has fully agreed to accept long-term, potentially permanent, highest-level nuclear inspections and warned there would be no further talks if Iran refused. He said he has agreed not to impose a maritime blockade on the Strait of Hormuz and to keep the waterway open, though US vessels will remain on standby to reimpose a blockade if necessary. Any US Treasury disbursements and/or sanctions relief will be placed in a US-controlled escrow account and restricted to purchases of food and medical supplies procured entirely from the United States, including corn, wheat and soybeans. Trump characterized the move as humanitarian and said negotiations are progressing.