“The terms that Iran leaked out to the fake news have nothing to do with the terms that were agreed to, in writing,” said Trump. “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.”
A memorandum of understanding shared by Iran’s state media indicated Tehran would not relinquish its ambitions to manage the Strait of Hormuz and would demand the release of billions of dollars of frozen Iranian assets.
A Trump Administration official told TIME it had been agreed that all nuclear material would be destroyed, removed and any nuclear program dismantled. The Strait of Hormuz will be reopened and Iran will not fund any terrorist groups. Crucially, Iran’s frozen assets won’t be released until the country meets certain performance metrics.
“I'm seeing a lot of fake information about a potential deal to reopen the Strait and end Iran's nuclear weapons program. 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.
He argued the deal has “the potential to remake the region and lead to lasting peace.”
Tehran has long maintained that any cease-fire agreement between the U.S. and Iran would need to assure the halt of Israeli strikes against the militant group Hezbollah in Lebanon. While words to this effect are present in the terms reported by Iran’s state media, there is no mention of it in the White House’s performance-based plan.
Trump, when he cancelled planned strikes against Iran Thursday afternoon, said the signing of a deal would be announced “shortly” but there has yet to be a firm follow-up from the U.S.
“Pending its finalization, the media should refrain from entering speculation about its content,” he urged, stating that “all details will be shared with the public in due course.”
TIME has reached out to the White House for additional comment.
U.S. Central Command (CENTCOM) forces launched what it called “self-defense strikes” against Iran on Tuesday, after holding Tehran responsible for the downing of a U.S. Army helicopter over the Strait of Hormuz.
Hostilities continued into the early hours of Thursday morning and looked set to escalate further when Trump threatened to hit Iran “very hard” and assume control of its oil infrastructure by taking Kharg Island, a key oil hub.
Amid widespread calls for de-escalation and a return to diplomatic negotiations, Trump reversed course hours later, citing progress of a peace deal agreement.
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