Trump denies $300 million payment to Iran as leaders sign preliminary peace accord
President Trump rejected claims that the United States would pay Iran $300 million, while officials said a short memorandum of understanding was signed to extend a cease-fire and reopen the Strait of Hormuz.
President Donald Trump said on his social-media platform that reports of a $300 million payment to Iran were false. The comment came after a U.S. official told reporters that discussions had included the possible release of frozen funds and sanctions relief tied to performance criteria.
Vice President JD Vance described the agreement with Iran as a brief, general document of about one and a half pages, noting that many details would be worked out during technical negotiations. He said the memorandum, digitally signed by U.S. and Iranian leaders, provides a 60-day cease-fire extension, lifts the U.S. naval blockade and reopens the Strait of Hormuz, while more complex issues such as Iran’s nuclear program will be addressed later.
U.S. officials indicated that the full text of the accord could be released within the next two days. Vance added that the deal is structured to grant Iran benefits only if it complies with the stipulated provisions, and he denied reports that the agreement includes a $24 billion payment to Iran.
The White House said the Strait of Hormuz is expected to be fully open soon, with details of the implementation to be finalized in upcoming talks.
