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OfficialDiplomacy & politicsWashington, D.C., United States

U.S. officials call the emerging deal 'performance-based': no money until Iran delivers

Mountain Time
Local time
10:29 AM in New York
Where
Washington, D.C., United States

A senior U.S. official said the deal was 'performance-based', with Iran getting none of its frozen assets until it acted, and later that the U.S. was 'very close', with terms covering reopening Hormuz, lifting the blockade, dismantling Iran's nuclear programme and removing its highly enriched uranium; another official put the odds of signing at 80-85%. Vice President JD Vance posted that Iran would get no cash 'for simply signing a deal or attending a meeting'.

Why it matters

The U.S. account put nuclear dismantlement inside the deal, while Iran's foreign minister said that evening that nuclear talks would come only after the interim agreement was implemented.

Sources (11)

Confidence: Stated by a named government, military, or institution. Not independently confirmed. About confidence labels

Correction

  • Corrected the time from 9:13 PM Israel time, Jun 12, 2026 to 10:29 AM New York time, Jun 12, 2026; corrected the headline (it read "U.S. details MOU receipt ladder"); revised the summary; revised the context note; corrected the location from Washington / Geneva / Lebanon deal track to Washington, D.C., United States; changed the confidence label from reported to official; updated the sourcing note; merged 2 duplicate entries into this one ("U.S. official puts signing odds near 80-85%", "Vance narrows U.S. deal terms"); added 3 sources: The Guardian live blog, Al Jazeera live blog; removed Sky News live as a source (a rolling live page that now shows other content). Why and evidence