Trump disputes Iran’s version of peace deal as both sides give clashing accounts
Trump on Friday (Jun 12) denied that the US had made major concessions to Iran, although Tehran’s version of the deal appeared to offer Iran much of what it has demanded so far.
A woman holds an Iranian flag on a street in Tehran, Iran, on Jun 10, 2026. (File photo: West Asia News Agency via Reuters)
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
DUBAI: United States President Donald Trump said Friday (Jun 12) that Tehran’s stated version of a proposed US-Iran deal on stopping the war is not what was agreed to.
Iran’s description of the proposed agreement “bears no relation to the truth”, Trump said, labelling the Iranians “very dishonourable people to deal with”.
“They better get their act together, and FAST!” Trump said in a statement on his Truth Social platform, denying that the US had made major concessions to Iran.
A White House official said separately that Iran agreed to dismantle its nuclear programme and destroy nuclear material under a deal with the US.
Tehran also agreed to open the Strait of Hormuz and will not receive any frozen funds until they honour their commitments under the “performance-based deal”, the senior administration official said.
Iran’s version of the deal, as outlined by the IRNA news agency, said that the US will release part of Iran’s frozen assets immediately after the deal is signed, with the remainder freed gradually during further negotiations.
It says Iran’s nuclear programme remains untouched.
The senior US official, speaking on condition of anonymity, said that under the agreement Iran’s nuclear material “will be destroyed and removed” and its nuclear programme will be dismantled.
Iran is believed to possess 408kg of highly enriched uranium.
“None of their money released until they perform. Strait of Hormuz will be open. No Iran funding of terrorist groups,” the official said. “
This is what they have agreed to. This is a performance-based deal,” the official said.
Trump said on Thursday he was calling off new strikes on Iran because a deal had been reached.
Terms of the deal as described on Friday by Iranian officials appear to offer Tehran much of what it has demanded so far, with Trump appearing to win little of what he has sought, beyond the reopening of the Strait of Hormuz, which Iran shut after he ordered attacks in February.
A senior Iranian source told Reuters on Friday that the draft would waive sanctions on Iran’s oil, unfreeze billions of dollars of its funds, and require a cessation of hostilities on all fronts, including in Lebanon.
Nuclear issues would be set aside for later talks. Washington wants a deal to ensure that Iran never develops a nuclear weapon; Iran says it is not seeking one.
The waiving of sanctions, unfreezing of Iranian assets and halt to Israeli attacks on Lebanon are essential Iranian demands. The source made no mention of what Iran might offer in return.
“GREAT SETTLEMENT”
Trump’s announcement of a deal – hours after he threatened again to hit Iran “very hard” on Thursday night – prompted global shares to rally and oil prices to slip on Friday. Brent crude prices were down more than 2 per cent in European morning trade.
Throughout the war, which began on Feb 28 with US and Israeli strikes on Iran, Trump has made similar declarations that a deal was at hand, only for no deal to emerge.
But markets took comfort that his latest words signalled the end of a particularly tense few days of escalation, which began with Iran and Israel trading fire for the first time since an April ceasefire, and continued through two days of US strikes on Iran and Iranian return fire at US regional bases.
“The strait will officially open as soon as we sign, which could be soon, very soon, maybe over the weekend in Europe,” Trump said, adding that Vance would attend the deal signing. He did not elaborate.
Asked if Iran’s Supreme Leader Ayatollah Mojtaba Khamenei had approved the deal, Trump said, “I understand the answer is yes.”
US FORCES DOWN TWO IRANIAN DRONES
Iranian media reported Foreign Ministry spokesperson Esmaeil Baghaei as saying on Thursday large parts of the agreement had been finalised, but Iran would not compromise on its red lines.
Tension remained high around the Strait of Hormuz, with US forces shooting down two Iranian one-way attack drones after Tehran attempted to strike commercial ships transiting the vital waterway, a US official said on Thursday.
Iran’s military stopped a tanker from transiting the strait, state media said, reporting the sound of explosions early on Friday.
The conflict has become a political headache for the White House, with polls showing Trump’s approval ratings sinking amid voter anger over high gasoline prices.
Some Republicans have openly worried that the war’s unpopularity could cost them control of Congress in November’s midterm elections.
Curbs on fighting in Lebanon could be difficult to accept for Israel, which started the war alongside the United States in February but has not been included in peace negotiations.
Prime Minister Benjamin Netanyahu’s office said in a statement that Israel was not a party to any memorandum of understanding with Iran.
Source: Reuters/co
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
