Iran media says draft US deal sees release of $24b frozen assets

Reports on 12 June 2026 said a draft peace accord between
the US and Iran is under discussion aimed at ending the war that began in
February 2026, although officials in Tehran and Washington have given differing
accounts of its status.
US President Donald Trump has said
a deal is imminent and has cancelled scheduled strikes against Iran. Iranian
officials, however, have said a final agreement has not yet been reached, says
Arab News.
According to details reported in
the draft, the proposed accord includes the release of 24 billion in frozen
Iranian assets within a 60-day period, with half of that amount, 12 billion, to
be made available before negotiations begin.
The draft also outlines what it describes as a "permanent and immediate
cessation of hostilities on all fronts", including in Lebanon.
On nuclear issues, the memorandum
provides for 60 days of talks concerning Iran's nuclear programme with the US.
It also indicates that Iran would not cede management of the Strait of Hormuz,
which it has kept closed since early in the conflict.
Trump said the deal was approved by
the US, Israel and Gulf allies. Iran's foreign ministry has cited new US
demands as an obstacle. The office of Israeli Prime Minister Benjamin Netanyahu
said Israel is not a party to the memorandum, although it supports objectives
such as dismantling Iran's enrichment infrastructure and limiting missile
production.
The conflict began on 28 February
2026 with US-Israeli strikes that killed then-Supreme Leader Ayatollah Ali
Khamenei. A brief truce in April paused fighting, but efforts to secure a
lasting settlement have since stalled.
Despite reports of progress,
tensions remain high. Kuwait recently reported Iranian fire targeting its
territory, and Iranian military officials have warned of a "harsher
response" if US attacks continue.
Iranian state media has remained
sceptical of Trump's statements, noting that he has previously claimed a deal
was imminent on numerous occasions in recent months.
















