President Donald Trump on Friday denied that terms of a war-ending deal circulating in Iranian state media reflect what was agreed in writing, as a new alleged drone attack on Indian commercial vessels added fresh tension to ongoing peace efforts.

Key Highlights

  • Trump said reported deal terms have nothing to do with what was agreed in writing.
  • Iran's Mehr News Agency reported a 14-point draft including a Strait of Hormuz reopening within 30 days.
  • India summoned a US deputy mission chief over alleged naval attacks that killed three Indian mariners.
  • A deal could be signed in Switzerland as soon as Sunday, Bloomberg reported, ahead of the G7 summit.

President Donald Trump on Friday pushed back against reports in Iranian state media describing the terms of a potential war-ending deal, saying the published details bear no relation to what was agreed in writing between the two sides.

Iran's Mehr News Agency had reported that a draft agreement includes a US commitment to lift oil sanctions, with final negotiations contingent on the release of half of Iran's frozen funds and the end of a US naval blockade. The draft reportedly also includes a pledge from Iran to reopen the Strait of Hormuz within 30 days, among other provisions.

In a social media post, Trump described Iran's statements on having reached a deal as weak and pathetic, accusing Iranian officials of being dishonorable negotiating partners incapable of dealing in good faith.

The president also referenced an alleged drone attack overnight against Indian vessels leaving the Strait of Hormuz, which he attributed to Iran and called totally unacceptable, warning that Iran needed to get its act together quickly.

Separately, India's Ministry of External Affairs summoned a deputy mission chief at the US Embassy in New Delhi over what it described as continuing attacks by US naval forces on commercial vessels carrying Indian mariners in the Gulf of Oman, attacks the ministry said had resulted in the loss of three Indian lives.

The latest exchange comes a day after Trump said the US and Iran could sign a peace deal as soon as this weekend, the latest in more than thirty instances throughout the four-month conflict in which Trump has suggested a deal was close to completion.

According to a Bloomberg report citing people familiar with the plans, a deal could be signed in Switzerland as soon as Sunday, ahead of a G7 summit scheduled for next week in Évian-les-Bains on France's border with Switzerland.

Other provisions in the 14-point draft reported by Mehr include the withdrawal of all US forces from Iran and a requirement for the US and its allies to present Iran reconstruction plans worth at least $300 billion.

On the Israeli side, Defense Minister Israel Katz said in a social media post that Israel expects the US to uphold principles preventing Iran from acquiring nuclear weapons, alongside additional restrictions related to missiles and proxy groups. Katz also said Israeli forces would not withdraw from Lebanon, Syria, Gaza, or parts of the West Bank.

Trump said Thursday he had spoken with Israeli Prime Minister Benjamin Netanyahu and other regional leaders about the potential memorandum of understanding, with Netanyahu's office confirming the call and noting Trump's commitment to including restrictions on Iran's nuclear capabilities in any final agreement.

The Strait of Hormuz, through which roughly a quarter of the world's seaborne oil trade and a fifth of global LNG flows pass, has become a central point of negotiation given its role as a major economic choke point during the conflict. Global stocks rose Friday on hopes that a peace deal could be finalized, with the pan-European Stoxx 600 gaining 1.8% and most major European exchanges adding around 2% in morning trade.