Iranian Foreign Minister Abbas Araghchi stated on June 12, 2026, that an agreement with the U.S. regarding the extension of a ceasefire, the reopening of the Strait of Hormuz, and negotiations on Iran's nuclear program is nearing completion. Araghchi's remarks were made on social media and are viewed as the most optimistic from Tehran regarding the potential for a deal. Pakistani Prime Minister Shehbaz Sharif, acting as a mediator, confirmed that an agreed text of the peace deal has been reached and that Pakistan is coordinating next steps.
President Trump expressed a positive outlook on Araghchi's comments but demanded clarification regarding Iranian state media reports that suggested Iran would receive billions in frozen assets upon signing the agreement. Trump indicated that he believes a deal could be finalized over the weekend or on Monday.
Araghchi urged the media to avoid speculation about the deal's content until it is finalized, emphasizing a commitment to transparency. However, discrepancies remain between Iranian and U.S. claims regarding the unfreezing of Iran's funds, with Iran asserting that funds would be released immediately, while the U.S. maintains that this would be contingent upon nuclear concessions. Vice President Vance criticized those attacking the deal based on unverified social media posts.