Just days after brokering a peace agreement with Iran, US President Donald Trump has made another major announcement involving Tehran — this time focused not on missiles or sanctions, but on food and trade.
Speaking at a White House dinner held in honour of American farmers, Trump said Iran could soon emerge as a major new market for US agricultural exports, potentially reshaping global trade flows in wheat, soybeans and corn.
Trump says ‘a new market is opening up called Iran’
Trump told farmers that his administration had already begun discussions aimed at opening Iran to American agricultural products.
“We have another one, a new market coming up, and that’s called Iran,” Trump said, adding that the country could soon begin importing large quantities of American wheat, soybeans and corn.
The US president claimed Iran is facing food supply pressures and that American farmers could benefit significantly if the proposed arrangement moves forward. According to Trump, the purchases could happen on a very large scale and may begin soon.
Could Iran buy US agricultural products?
According to the Trump administration, discussions are underway to allow Iran to use part of its unfrozen assets to purchase US agricultural products such as wheat, soybeans and corn. Vice President JD Vance had earlier suggested that such a mechanism could help feed the Iranian population while simultaneously supporting American farmers.
However, Iranian officials have not publicly confirmed any agreement to purchase American farm products and have disputed some of Washington’s claims regarding how the funds would be used.
Why this could affect global markets
The United States remains one of the world’s largest exporters of wheat, corn and soybeans. If Iran, a country of more than 90 million people, becomes a significant buyer of US agricultural commodities, the move could influence global food trade patterns, commodity prices and shipping routes.
Analysts say any major trade opening between Washington and Tehran would mark a dramatic shift after decades of sanctions, hostility and geopolitical tensions between the two countries.
Trump announces $11 billion relief package for farmers
During the same event, Trump also announced an additional $11 billion in financial assistance for American farmers affected by previous policies and rising costs.
The proposed relief package is intended to compensate producers for losses linked to higher input prices and market disruptions, and Trump has asked Congress to approve the funding.
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First published on: Jun 27, 2026 12:37 AM IST
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