US Official Reveals Details of Tentative Iran Deal, Expects Signing in Coming Days

The senior U.S. official dismissed reports indicating Iran could receive as much as $12 billion in economic relief immediately upon signing the agreement.

A Pakistani official is seen during the arrival of U.S. Vice President JD Vance for talks with Iranian officials at Islamabad, Pakistan, on April 11, 2026. Jacquelyn Martin/Pool via Getty Images

A senior U.S. administration official has pushed back on reports that a pending peace framework between the United States and Iran would include immediate economic relief to the Iranian side.

In a call on June 12, the U.S. official said a memorandum of understanding with Tehran would enable the reopening of the Strait of Hormuz to all sides, including by lifting a U.S. blockade of Iranian ports. The official said the framework also requires Iran to turn over highly enriched nuclear material to be destroyed on site and then taken out of the country.