Iranian Foreign Minister Abbas Araghchi announced Friday that a potential agreement with the United States to extend a ceasefire, reopen the Strait of Hormuz, and launch negotiations on Iran's nuclear program is closer than ever. Araghchi emphasized that the
'Islamabad Memorandum of Understanding has never been closer,'urging media to avoid speculation until the deal is finalized.
Trump's Response
President Trump responded to Araghchi's comments, calling them
'very positive,'while clarifying that leaked terms from Iranian state media were inaccurate. Trump demanded a public correction and warned that Iran must act in good faith to finalize the deal. The president expressed optimism that an agreement could be signed as early as Monday.
Discrepancies Over Frozen Assets
A key point of contention remains the status of Iran's frozen assets. Iranian reports claim billions will be released immediately, while the US insists any economic benefits will be contingent on Iran meeting nuclear concessions. Vice President Vance reiterated that
'economic benefits will only flow if Iran meets its obligations.'
Mediation Efforts
Pakistani Prime Minister Shehbaz Sharif, a mediator in the talks, confirmed that an agreed-upon text has been reached, with Pakistan assisting in finalizing next steps. Sharif warned against misinformation campaigns aimed at derailing the deal, stating that
'peace has never been this close as it is now.'
Despite progress, both sides continue to shape the narrative, with Tehran awaiting final approval from Supreme Leader Mojtaba Khamenei. The deal's fate now hinges on resolving remaining discrepancies and ensuring mutual trust.