Iran’s state media reported that a draft memorandum of understanding with the United States includes a clause for releasing $12 billion in Iranian assets currently frozen abroad. The report, aired on Saturday from Tehran, cited an ‘informal’ draft, though the White House dismissed similar claims earlier in the week as fabricated. The proposed memorandum is linked to ongoing efforts to end the conflict between the two countries.

According to the state television report, the United States allegedly pledged to grant Iran full access to its $12 billion within 60 days, allowing unrestricted transfer and spending through banks of Iran’s choice. However, U.S. President Donald Trump stated on Friday that no financial transactions would occur until further notice. Iranian media later contradicted the claim of imminent asset release, citing informed sources.

The report also mentioned that Tehran would continue managing the Strait of Hormuz, which it has blocked since the conflict began, causing global market instability. Trump, however, insisted that Iran would reopen the strait for free navigation, a demand Washington has repeatedly emphasized.