US President Donald Trump publicly dismissed the leaked details of a ceasefire agreement with Iran as false on June 12, saying the terms "have NOTHING to do with the terms that were agreed to, in writing." He described Iranian officials as "very dishonorable people" and said "there is no such thing as dealing in good faith" with them [1, 2, 3, 4].
Earlier the same day, Iran's state media published alleged ceasefire terms including lifting the US naval blockade, partial release of frozen assets, and no new nuclear obligations for Iran [1, 3, 4]. The published terms also said Iran would keep control over the Strait of Hormuz but agree to normalized maritime passage and security managed jointly with Oman [3, 4].
Iran's Foreign Minister Seyed Abbas Araghchi said a deal "had never been closer" and urged the media to "refrain from entering speculation about its content" [1].
The ceasefire deal, initially reached in April 2026 after US and Israeli strikes targeting Iran began on February 28, has failed to fully stop hostilities. There were two rounds of tit-for-tat strikes in early June, and Trump canceled a third planned night of attacks on June 11 following reports of a "great settlement" [1, 3, 2].
Reports differ on the extent of sanctions relief and frozen funds to be released. Some sources say the deal waives sanctions on Iranian oil and unfreezes billions, while others say only a portion of frozen assets would be released initially and full lifting of sanctions awaits later talks [2, 3, 4]. On nuclear issues, the deal reportedly imposes no new obligations and postpones discussions, but the US seeks firm assurance Iran will not develop nuclear weapons [1, 2, 3, 4].
Iranian officials reportedly want at least $300 billion in compensation for war damages caused by US and Israeli strikes since February [1]. The talks are mediated mostly by Pakistan and exclude Israel, which Iran has attacked in retaliation for US strikes [1].
The ceasefire began in April but intermittent exchanges of fire have continued, including strikes this week. Trump rejected the leaked terms released by Iranian media as "weak and pathetic" and said the Iranian side must "get their act together, and FAST!" [1, 2, 3, 4].
Disputes remain over the controls on the Strait of Hormuz and the pace of lifting sanctions. Trump’s denial of the leaked terms adds uncertainty as officials continue negotiating the final agreement.
Further talks are expected as both sides work to finalize the ceasefire and address outstanding nuclear and economic issues.
