Former President Donald Trump claimed he could approve an Iran peace deal that includes major Iranian concessions such as opening the Strait of Hormuz without tolls, eliminating Iran's nuclear program, and allowing the U.S. to destroy highly enriched uranium inside Iran [1]. Trump said Iran must agree never to have a nuclear weapon or bomb, stating, "Iran must agree that they will never have a Nuclear Weapon or Bomb" [1].

Trump also said the deal would prevent the transfer of frozen Iranian assets, with the U.S. retaining control of those funds for now [1, 2]. He stated no easing of sanctions or money would be given to Iran at this time, summarizing, "No sanctions, no money, no nothing" [2]. He said the Strait of Hormuz "is going to be open to everybody. We'll watch over it, but nobody's going to control it" [2, 3, 1]. Trump appeared to threaten Oman with possible military action related to the strait’s status [3].

Trump indicated he would lift the U.S. naval blockade against Iran, although it remained unclear if this depended on a confirmed deal [1]. He opposed transferring Iran's highly enriched uranium to Russia or China, insisting it be destroyed "in a location acceptable to the U.S. and Iran" [1, 2].

Iranian officials, however, strongly denied that any final agreement had been reached. The Tasnim news agency called Trump's announcement "unilateral and egotistical" and said no final understanding exists [1]. An Iranian foreign ministry spokesperson said exchanges are continuing but no deal is finalized [1]. Tasnim further asserted the nuclear issue has not been discussed and urged skepticism about claims of lifting the blockade [1].

On May 25, Trump posted on Truth Social the Iran peace deal terms including nuclear disarmament and Strait of Hormuz opening [1, 2]. On May 27, he reiterated opposition to uranium transfers to Russia or China at a White House Cabinet meeting and restated no sanctions relief or funds would be given, with the strait open but unclaimed [2, 3]. On May 29, Iranian officials and Tasnim denied any final Iran-U.S. peace agreement [1].