Iranian Foreign Minister Abbas Araghchi announced that the United States and Iran are closer than ever to finalizing a deal, referencing prior talks in Islamabad.
Iran claims US "never been closer" to deal; proposed agreement includes $24 billion fund release and blockade lift. Geopolitical de-escalation signals lower energy costs and reduced supply chain risk for European and Asian infrastructure investments.
Araghchi asked the media to refrain from speculating about the deal's content
Jun 12, 2026
10:09 pm
What's the storyIranian Foreign Minister Abbas Araghchi has said that the United States and Iran have "never been closer" to a deal on ending the Middle East conflict.
He referred to the proposed agreement as the "Islamabad Memorandum of Understanding," named after Pakistan's capital, where previous talks were held.
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The United States and Iran have 'never been closer' to a deal on ending the war in the Middle East, Iranian Foreign Minister…
Iran's Foreign Minister claims a U.S. deal is imminent, potentially releasing $24 billion in blocked funds amid ongoing…
Iranian Foreign Minister Abbas Araghchi says the proposed Islamabad Memorandum of Understanding with the US is closer than ever…
Trump, meanwhile, slammed reports about the agreement that cited leaked terms appearing to favour Tehran.
A senior US official said the tentative deal includes terms for removing and destroying nuclear material from Iran.
Iran foreign minister Abbas Araghchi's statement comes hours after Trump accused Iran of spreading “fake news” about a possible…
