Trump And Vance Angrily Deny Peace Deal Favors Iran

BreakingBusinessTrump And Vance Angrily Deny Peace Deal Favors IranBySara Dorn,Forbes Staff. Sara Dorn is a Forbes news reporter who covers politics.Follow AuthorJun 12, 2026, 12:23pm EDTToplinePresident Donald Trump and Vice President JD denied on Friday the peace deal with Iran would heavily favor Tehran, amid reports Iran would not be required to give up control of the Strait of Hormuz and the U.S. would immediately provide Iran with relief from economic sanctions. President Donald Trump, Vice President JD Vance, and Defense Secretary Pete Hegseth arrive for a wreath laying ceremony on Memorial Day at Arlington National Cemetery in Arlington, Virginia on May 25, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)AFP via Getty ImagesKey FactsTrump said on Truth Social “the terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing,” calling the Iranians “very dishonorable people to deal with.” Trump did not say which specific terms that have been reported are untrue or clarify anything that’s in the agreement. Vance wrote on X he’s “seeing a lot of fake information about a potential deal,” and said the “Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting.”This is a developing story and will be updated.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video