Tehran is set to receive $12 billion in unfrozen funds through intermediary accounts in two installments of $6 billion, following the first round of U.S.-Iran negotiations on June 21-22, Bloomberg reported on June 23, citing Iran's Islamic Revolutionary Guard Corps-linked Mehr News Agency. On June 22, U.S. Vice President JD Vance said the unfrozen funds could be used to purchase U.S. agricultural products — including soy, corn and wheat — though the governor of Iran's central bank denied that Tehran was obligated to purchase from the United States.

The governor of Iran's central bank said the first $6 billion tranche is designated for the purchase of basic goods and medicine, while the second can be used to purchase non-sanctioned goods. U.S. Secretary of State Marco Rubio is set to tour Gulf countries, including the United Arab Emirates, Kuwait and Bahrain, between June 23 and 25, likely in an effort to assuage Gulf concerns that the U.S.-Iran memorandum of understanding will strengthen Tehran. Although some vessels have transited the Strait of Hormuz, there is still confusion over which route to take, whether in coordination with Iranian authorities or by using the U.S.-backed route closer to Oman.