What are the key points of agreement and disagreement among the competing draft versions of the US-Iran deal?

All competing drafts include similar elements: reopening the Strait of Hormuz, granting Iran sanctions relief (especially to sell oil), and initiating longer-term negotiations on Iran’s nuclear program. However, they diverge significantly on the timing and extent of financial relief — particularly whether $25 billion in frozen Iranian assets would be released immediately (as reported by Reuters citing an unnamed Iranian official) or omitted entirely (as in the Bloomberg-seen version) — and on sequencing, with Iran’s Mehr news agency stating final negotiations would only begin after half the frozen funds are released, oil sanctions suspended, and the naval blockade lifted.

Why is the Sunday deadline for signing the deal significant, and what challenges threaten its realization?

The Sunday deadline is significant because it coincides with President Trump’s 80th birthday, a timeline he personally set and reaffirmed by saying a deal would be signed ‘in two to three hours’ on Sunday afternoon; however, the likelihood of signing grew more remote after Israel’s military strike on Beirut targeting Hezbollah — prompting Trump to publicly urge Israel to stop attacking Lebanon and call for all sides to ‘stand down’ to preserve the fragile path to peace.

Iran Pushes Differing Versions of Deal as US Sticks to Timeline

Jun 14, 2026

Competing draft agreements between Iran and the US outline oil sanctions relief and Strait of Hormuz reopening, but discrepancies over financial terms delay the signing ahead of Trump's deadline.

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