Iran’s Fars News Agency pushed back on claims that a deal between Tehran and Washington is imminent, stating on June 11 that Iran has not approved any text for an initial memorandum of understanding with the United States. The denial lands squarely in the middle of a crypto sanctions saga that has already seen the US Treasury target Iran’s largest digital asset exchange.
The statement directly contradicts signals from US President Donald Trump, who indicated a potential signing ceremony could take place as soon as June 14.
What’s actually happening in Geneva
Negotiations between the US and Iran have been taking place intermittently since 2025, rotating through Geneva, Muscat, and Islamabad. The talks cover the reopening of the Strait of Hormuz, restrictions on Iran’s nuclear program, and relief from US sanctions.
Fars News Agency’s position is that decisions rest with senior Iranian authorities, and that external narratives about progress don’t necessarily reflect reality on the ground. Iranian officials are requesting “more substantiated reports” before anyone talks about agreements being reached.
