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Reading: Iran-US Draft Deal Splits Over Sanctions And Hormuz
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Iran-US draft deal documents show competing claims over sanctions relief, frozen funds and Strait of Hormuz reopening
PhotoNews Pakistan > World > Iran-US Draft Deal Splits Over Sanctions And Hormuz
World

Iran-US Draft Deal Splits Over Sanctions And Hormuz

Web Desk
By Web Desk Published June 12, 2026 2 Min Read
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Several oil tankers sail through blue waters near rocky mountains, while a large Iranian flag waves in the foreground from a tower.
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Tehran, Iran: A reported Iran-US draft deal faces competing accounts after Iranian media published a 14-point text that differs from Western reports on sanctions, frozen funds, reconstruction and the Strait of Hormuz.

Mehr News cited a source close to Iran’s negotiating team on Friday, June 12, while Foreign Ministry spokesman Esmail Baghaei said the text still needed review by relevant authorities in Tehran.

The Iranian-reported version calls for an immediate and permanent halt to fighting on all fronts, including Lebanon. It seeks the suspension of oil and petrochemical sanctions, full access to related financial resources, and the release of $24 billion in blocked Iranian funds.

The US and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz and help end a war that has damaged the global economy and caused chaos in the Middle East. https://t.co/3fUt5IcYGU

— Bloomberg (@business) June 12, 2026

Axios reported that the draft memorandum would extend the ceasefire for 60 days, reopen the Strait of Hormuz without tolls and restore pre-war shipping volumes within 30 days. Axios also said sanctions relief would come in phases tied to Iranian compliance.

The Mehr version says the Strait of Hormuz would reopen within 30 days under arrangements set by Iran. It also calls for the United States and its allies to present at least $300 billion in reconstruction plans.

The reported texts also differ in nuclear scope. Mehr said final negotiations would cover enriched material, enrichment activity, sanctions relief and reconstruction, while excluding Iran’s missile program and support for regional groups.

Read: Iran Strikes Kuwait Airport Radar, Injures People

Axios said Washington views the memorandum as a de-escalation framework and a path to further nuclear talks, with concrete actions on Iran’s nuclear program deferred to a later agreement.

Al-Monitor reported that the draft circulating in Iranian media would grant Tehran sanctions relief and access to frozen funds while limiting final talks to nuclear issues and excluding missiles and regional allies.

Lebanon remains a disputed point. The US State Department reported a separate Israel-Lebanon ceasefire framework tied to Hezbollah’s withdrawal from the South Litani Sector, while Israel’s position depended on Hezbollah cooperation.

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