Tehran disputes Trump’s assertion of a broad agreement, demanding $24 billion in frozen funds and Hormuz access before any deal.
Iran’s Foreign Ministry denied President Trump’s claim that a deal had been broadly approved, including by the Supreme Leader, citing unresolved conditions. Key sticking points include access to the Strait of Hormuz and the release of $24 billion in frozen Iranian funds, according to statements from Tehran.
Markets had priced in optimism following reports of a potential de-escalation, driving moves in oil, bonds, and equities on Thursday. However, Iran’s pushback and the blocking of a tanker in the strait introduce fresh uncertainty, potentially tempering recent gains.
Iran also insists on maintaining its enriched uranium program without concessions, further complicating negotiations. The dispute highlights lingering gaps between Washington’s framing and Tehran’s demands.