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Iran says no final decision reached on proposed peace deal

Published on: June 12, 2026 10:00 AM

Iran said on Friday that no final decision has been made on a proposed peace agreement with the United States, despite President Donald Trump’s claim that a deal to end the ongoing conflict could be signed within days.

Speaking to reporters at the White House, Trump said Washington and Tehran had made significant progress and could formalize an agreement as soon as this weekend. He suggested that the accord would reopen the Strait of Hormuz to international shipping and mark a major step toward ending months of fighting that have disrupted global energy markets.

However, Iran’s Foreign Ministry signaled caution, stating that discussions were still under review by the country’s decision-making authorities. Foreign Ministry spokesperson Esmaeil Baghaei said substantial portions of the draft text had been completed but stressed that Tehran would not compromise on its core positions.

The proposed agreement, if finalized, would represent the most significant diplomatic breakthrough since the conflict erupted in late February. The war has resulted in thousands of deaths, widespread regional instability and sharp fluctuations in oil prices.

Trump said the deal would guarantee that Iran could not develop or acquire nuclear weapons, a longstanding demand of the United States. Iran has repeatedly denied seeking a nuclear arsenal and insists its nuclear programme is for peaceful purposes.

Tehran is reportedly seeking the removal of international sanctions, access to frozen financial assets and recognition of its role in the Strait of Hormuz. The waterway is one of the world’s most important energy routes, carrying a significant share of global oil shipments.

The announcement came amid continued tensions despite a fragile ceasefire. Recent exchanges of missile, drone and air strikes have highlighted the volatility of the situation.

While Trump said several regional countries support the proposed framework, Israel clarified that it is not a party to any memorandum of understanding with Iran. The coming days are expected to determine whether negotiations can be transformed into a formal agreement.

Filed Under: Iran-Israel war, Top Stories, World Tagged With: Donald Trump, global oil markets, Iran US relations, Latest, Middle East conflict, nuclear talks, Strait of Hormuz

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