May 30, 2026
Iranian state media reported on Saturday that a proposed memorandum of understanding with the United States included an agreement to release $12 billion in frozen assets.
The report cited an “unofficial” draft of the memorandum, and a similar item carried by state TV earlier this week was dismissed by the White House as a “fabrication”.
It comes a day after US President Donald Trump issued his own detailed characterisation of a potential agreement aimed at halting the war between the two foes, key elements of which were likewise disputed by Iranian sources.
Saturday’s state TV report said, “the United States has pledged to provide Iran with full access to $12 billion of its assets within 60 days, so that these resources can be transferred and spent in banks of Iran’s desired destination without restrictions.”
