Iranian state media reported a proposed MOU with the US includes releasing $12 billion in frozen assets, a claim the White House previously dismissed as a fabrication. This follows conflicting accounts from both sides regarding a potential agreement to end hostilities and manage the Strait of Hormuz.

Iranian state media reported on Saturday that a proposed memorandum of understanding with the United States included ....

TEHRAN: Iranian state media reported on Saturday (May 30) that a proposed memorandum of understanding with the United States included an agreement to release US$12 billion in…