EconomyLens.com
No Result
View All Result
Monday, July 20, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Iran says deal with US closer than ever as Trump lashes out

Natalie Fisher by Natalie Fisher
June 12, 2026
in Other
Reading Time: 9 mins read
A A
1
37
SHARES
458
VIEWS
Share on FacebookShare on Twitter

Trump's announcement fuelled a stock market rally and tanked oil prices, although Iran's position remained unclear. ©AFP

Tehran (AFP) – Iran’s foreign minister said Friday that a deal with the United States to end the Middle East war was closer than ever, as a senior US official and key mediator Pakistan both expressed mounting optimism for an elusive agreement. Publicly, however, the warring sides’ negotiating positions remain far apart, with Iranian state media publishing a breakdown of what was purportedly on the table that stood sharply at odds with Washington’s longstanding red lines.

Related

New strikes as Trump warns Iran will pay for US troop deaths

US judge suspends Paramount’s acquisition of Warner Bros.

Iran says fighting ‘full-scale war’ with US

EU fines AliExpress 550 mn euros over illegal products

Oil price gains ease after Iran points to mediation

Over weeks of halting negotiations — marked by threats and exchanges of fire despite an April truce — US President Donald Trump has repeatedly insisted that a deal was all but signed, only for talks to drag on. The president had repeated that assertion on Thursday, but on Friday lashed out at Tehran, accusing it of negotiating in bad faith following the Iranian media reports. In a social media post, Trump dismissed the Iranian accounts as having “NOTHING to do with the terms that were agreed to, in writing”. “Very dishonorable people to deal with,” he continued. “They better get their act together, and FAST!”

But Iran’s foreign minister, Abbas Araghchi, appeared to play down the row. “The Islamabad Memorandum of Understanding has never been closer,” he wrote in a social media post, referring to the Pakistani capital that hosted previous US-Iran talks. “Pending its finalization, the media should refrain from entering speculation about its content,” he added. Trump later posted a screenshot of Araghchi’s message on his own feed.

Disputing Trump’s “bad faith” accusation, foreign ministry spokesman Esmaeil Baqaei said an agreement had now been reached with Washington “on most points”. He added that a meeting was also currently underway in Iran to finalize a consensus. “We are in the last phases of arriving at a conclusion,” he said.

Pakistani Prime Minister Shehbaz Sharif, whose country has been a key mediator since the initial talks, confirmed that “a final, agreed-upon text of the peace deal has been reached”. “Peace has never been as close as it is now,” Sharif said, while acknowledging “incessant misinformation” surrounding the deal. A senior US official also voiced optimism that the parties would be “signing this agreement over the next few days”. “If I were to give you a confidence that we were going to be signing this agreement, I maybe would have said 75 percent this morning, it’s probably more like 80-85 percent now, but it’s not 100 percent,” the official told reporters in a call.

The Swiss foreign ministry on Friday said it had been in contact with both the US and Iran, and had “proposed Switzerland as the venue for a possible signing, should the parties agree to it”. US ally Israel has said that Trump had promised it that any agreement would see Iran stripped of its enriched nuclear material, but Tehran’s official IRNA news agency said this was not even on the table.

According to IRNA’s account, after an initial agreement is signed, Iran and the US would hold 60 more days of talks and “Iran’s right to enrich uranium and the retention of enriched material…will be emphasised with a view to their inclusion in the final agreement”. Beyond this, according to IRNA, Iran would insist on managing traffic through the Strait of Hormuz, the key maritime trade route carrying oil and gas from the Gulf, which Tehran has blockaded since the outbreak of the war.

On Friday, Iran’s Mehr news agency, quoting a source close to the country’s negotiating team, said the deal would also see the release of $24 billion in frozen Iranian assets. But those details clashed with a summary offered by a senior White House official, who told AFP Iran had agreed to dismantle its nuclear program, destroy its enriched uranium stockpile, and reopen the strait — and that Tehran would not see any of its frozen funds returned until it had honored these commitments. US Vice President JD Vance likewise said Iran was “not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting”. But, he added, if “Iran meets its obligations, then economic benefits will flow to them and to the entire region”.

In Tehran, some ordinary Iranians feared a deal would entrench the authorities’ rule. “I am not sure how I feel,” a 29-year-old cafe worker told AFP on condition of anonymity for fear of retribution. “The main purpose of this war was for the US to remove the system and this did not happen. So what does a deal do?”

© 2024 AFP

Tags: IranMiddle East conflictus-iran relations
Share15Tweet9Share3Pin3Send
Previous Post

SpaceX lifts off in record Wall Street debut

Next Post

Musk becomes world’s first trillionaire as SpaceX shares soar

Natalie Fisher

Natalie Fisher

Related Posts

Other

Oil eases after Iran says US contacts continue through mediators

July 20, 2026
Other

US-Iran strikes: latest developments

July 20, 2026
Other

Starbucks Korea staff form union after ‘Tank Day’ campaign fiasco

July 19, 2026
Other

Egypt’s ‘Garbage City’ recyclers reap gains from Iran war plastic squeeze

July 20, 2026
Other

Tech share selloff rolls on, oil prices climb on Mideast clashes

July 17, 2026
Other

Nigerian court dismisses suit challenging Shell’s divestment

July 17, 2026
Next Post

Musk becomes world's first trillionaire as SpaceX shares soar

US appellate court upholds Sam Bankman-Fried criminal sentence

World's first gig economy treaty adopted at the ILO

Cuba opens more sectors to private business

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US stocks drop on latest Middle East fighting, tech earnings caution

July 20, 2026

New strikes as Trump warns Iran will pay for US troop deaths

July 20, 2026

US judge suspends Paramount’s acquisition of Warner Bros.

July 20, 2026

Leasing firm SMBC orders 200 planes from Airbus and Boeing

July 20, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.