Trump says Iran's leaked deal terms are untrue - Headlines news and analysis from Global Banking & Finance Review
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Trump says Iran's leaked deal terms are untrue

Published by Global Banking & Finance Review

Posted on June 12, 2026

3 min read

· Last updated: June 12, 2026

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Trump says Iran's leaked deal terms are untrue

US and Iran Dispute Over Leaked Deal Terms

By Steve Holland and Katharine Jackson

WASHINGTON, June 12 (Reuters) - The United States on Friday denied it has made major concessions to Iran and said an emerging pact was designed to ensure economic benefits will only flow to Tehran if it meets its obligations.

Trump Responds to Iran's Claims

President Donald Trump said Iran's leaked comments on a deal with the United States do not represent what had been agreed to.

"The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing," Trump wrote on his Truth Social platform.

"What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith. AMAZING!"

Social Media Reactions

Trump then later reposted on social media a comment by Iranian Foreign Minister Abbas Araqchi on Friday saying a memorandum of understanding between the countries "has never been closer." 

Details of the Alleged Deal

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.

US Officials Deny Concessions

Vice President JD Vance also rejected what he called false reports about the agreement.

"I'm seeing a lot of fake information about a potential deal to reopen the Strait and end Iran's nuclear weapons program," Vance wrote in an X post. "First, the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting."

He said the deal ensures economic benefits would only flow to Iran if it meets its obligations under the agreement.

'Performance-Based' Deal Explained

'PERFORMANCE-BASED' DEAL 

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.

A senior U.S. official, speaking on condition of anonymity, said that under the agreement Iran's nuclear material "will be destroyed and removed" and its nuclear program will be dismantled.

Iran is believed to possess 900 pounds (408 kg) 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.

Recent Developments

Trump said on Thursday he was calling off new strikes on Iran because a deal had been reached.

(Reporting by Steve Holland, Katharine Jackson, Susan Heavey, Doina Chiacu; Editing by Doina Chiacu and Sanjeev Miglani)

Key Takeaways

  • Trump dismissed Iran’s version of the deal as false, accusing Tehran of dishonesty in a Truth Social post (thedailybeast.com).
  • A senior U.S. official emphasized the pact is “performance‑based” – Iran’s frozen assets will only be released once it dismantles its nuclear material and ceases hostile activity, including reopening the Strait of Hormuz (axios.com).
  • Despite Trump’s claim that a signing could happen “as soon as this weekend,” Iranian authorities maintain no final decision has been made (investing.com).

References

Frequently Asked Questions

What did Trump say about Iran's leaked deal terms?
Trump stated that Iran's leaked comments on the deal do not reflect what has been agreed and labeled them as untrue.
What is the main feature of the US-Iran agreement according to US officials?
The deal is performance-based, meaning Iran will not get frozen assets until it fulfills its part of the agreement.
How does Iran describe the nuclear deal?
Iran claims the US will release some frozen assets immediately and that their nuclear program remains untouched.
What are Iran's main demands in the agreement?
Iran seeks sanctions waivers, unfreezing of funds, a halt to Israeli attacks on Lebanon, and setting nuclear issues aside for later negotiations.
Has the United States agreed to immediate release of Iranian assets?
No, according to US officials, assets will only be released once Iran fulfills its obligations under the performance-based agreement.

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