$12 billion and Hormuz control: Iran's draft peace deal account clashes with Trump's version
- Posted on May 31, 2026
- By Business News Today
- 1 Views
- 1 min read
$12 billion and Hormuz control: Iran's draft peace deal account clashes with Trump's version
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.
