Trump denies offering Iran sanctions relief, release of frozen funds
US President Donald Trump has denied reports that he offered Iran sanctions relief and the release of frozen funds in exchange for nuclear program progress. The denial follows conflicting reports from Axios and ongoing tensions regarding the Strait of Hormuz.
Why it matters
Diplomatic relations between the US and Iran remain a critical factor in global oil prices and geopolitical stability in the Middle East.
WASHINGTON/DUBAI - US President Donald Trump denied he offered Iran sanctions relief and the release of frozen funds calling it a hoax, after the news outlet Axios cited US officials saying that relief was possible for progress on Iran's nuclear program.
"Axios just released a story that 'Trump' offered Sanctions Relief and Frozen Funds to Iran. This is untrue. I offered them NOTHING!," Trump said on his Truth Social platform.
The Axios story reported that Trump "is willing to give Iran sanctions relief and release Iranian frozen funds in return for concrete Iranian steps regarding the nuclear program," It quoted unnamed US officials.Trump called the story "a HOAX" and said the news site should withdraw it.
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The reaction comes as Iran's Foreign Minister Abbas Araghchi was slated to meet with Qatari mediators on Monday in New York.
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