Trump Says Terms In Leaked Iran Draft Agreement Have ‘No Relation To The Truth’

• Trump also called an alleged Iranian drone attack on Thursday night against Indian ships unacceptable.
• A previous report by CBS News stated that the future of Iran’s nuclear enrichment program will be discussed during the 60-day ceasefire period.
• Iran has proposed a commitment that it would not enrich uranium for a period of 15 to 20 years, and would reopen the Strait of Hormuz, according to a report.

President Donald Trump on Friday said that the terms in the leaked Iran draft agreement have nothing to do with the terms agreed to.

In a post on Truth Social, Trump slammed the Iranian negotiators, calling them “very dishonorable,” while adding that there is no such thing as dealing in good faith with them.

“Also, their totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is totally unacceptable. They better get their act together, and fast!” he added.

Draft Agreement Included Release Of Frozen Assets, Nuclear Negotiations

Earlier, according to a CBS News report citing Iran’s semi-official Mehr News agency, a draft of a 14-point agreement between the two countries states that half of the $24 billion in frozen assets would be released before further negotiations begin during the 60-day ceasefire.

The report also stated that the future of Iran’s nuclear enrichment program will be discussed during the 60-day ceasefire period, which will commence once a memorandum of understanding between the two countries comes into effect.

It added that Iran has proposed a commitment that it would not enrich uranium for a period of 15 to 20 years, while also reopening the Strait of Hormuz.

President Donald Trump has maintained that Iran can never have a nuclear weapon. He has also cited this as the primary reason for launching strikes against Iran and targeting the country’s nuclear sites as well as its military infrastructure.

The report added that, according to the official Iranian state news agency IRNA, this would end the war between the U.S., Israel, and Iran across all the regional fronts during the first phase. In exchange, Iran would receive financial relief conditioned on its compliance with the nuclear enrichment terms agreed to with the U.S.

Trump Calls Off Strikes

Trump had called off strikes on Iran on Thursday, citing a breakthrough in talks with the country.

Iranian Foreign Ministry spokesperson Email Baghei said that the draft agreement with the U.S. had been “largely finalized,” but noted that a final deal had not been reached yet.

“The problem is the contradictory positions of the United States have always caused this process to become unstable and disrupted,” he added, per a CBS News report citing Iranian news network SNN TV.

Trump revealed earlier this week that the U.S. has been taking out oil amid the ongoing Iran war, while adding that this is why crude oil prices are at $85 a barrel, not $250.

“Do you know we've been taking out millions of barrels of oil. Nobody knows about it. You know who doesn't know about it? Iran, until right now,” he said while addressing reporters at the White House.

US Equities In The Green

Meanwhile, U.S. equities hovered in the green in Friday’s opening trade

The Dow Jones Industrial Average (DJIA) was up nearly 200 points. The S&P 500 was up about 0.2%, while the Nasdaq Composite edged up by 0.01%.

Crude oil prices fell on Friday amid signs of progress between the United States and Iran. U.S. West Texas Intermediate (WTI) crude futures expiring in July were down 1.22%, hovering around $86.64 a barrel. Brent crude futures expiring in August fell 1.12% to hover around $89.37 a barrel.

The United States Oil Fund ETF (USO) edged lower by 0.03% at the time of writing, while the ProShares Ultra Bloomberg Crude Oil ETF (UCO) declined about 1%.

At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up 0.35%; the Invesco QQQ Trust ETF (QQQ) rose 0.38%; and the SPDR Dow Jones Industrial Average ETF Trust (DIA) gained 0.44%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the ‘bearish’ territory.

Also See: Jim Cramer Wants A 30% SpaceX IPO Pop, Not A Cerebras-Style Surge: ‘People Hang On To It And Buy More’

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