At a Glance

• President Donald Trump has denied an Axios report that he offered Iran sanctions relief and access to frozen funds.
• Trump said on Truth Social that he had offered Tehran “NOTHING” and called the report false.
• Axios, citing unnamed US officials, reported that Trump was willing to consider sanctions relief in exchange for concrete Iranian steps on its nuclear program.
• US and Iranian officials separately engaged with mediators Monday as diplomatic efforts to end the conflict continued.

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US President Donald Trump has denied reports that his administration offered Iran sanctions relief and access to frozen Iranian funds as Washington and Tehran continue indirect contacts aimed at ending the seven-month conflict.

Trump rejected an Axios report on Monday, saying he had offered Iran “NOTHING,” while US and Iranian officials separately held discussions with mediators in a renewed diplomatic effort.

Key Statement

“Axios just released a story that ‘Trump’ offered Sanctions Relief and Frozen Funds to Iran. This is untrue. I offered them NOTHING!”

— US President Donald Trump

Trump also described the report as a “HOAX” and called for its withdrawal.

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Trump’s Denial: Trump rejected the reported offer of sanctions relief and access to frozen Iranian assets.

Axios Report: Axios, citing unnamed US officials, reported that Trump was willing to provide sanctions relief and release Iranian funds in return for concrete Iranian steps concerning its nuclear program.

Diplomatic Contacts: US and Iranian officials separately met with mediators Monday as efforts continued to revive negotiations.

Hormuz: The Strait of Hormuz remains a central issue in the negotiations. Iran has linked any reopening of the waterway to conditions including sanctions relief, the unfreezing of assets and an end to the US blockade of Iranian ports.

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President Donald Trump has rejected a report that he offered Iran sanctions relief and access to frozen Iranian funds as part of efforts to end the conflict.

In a post on Truth Social, Trump directly denied the report, saying he had offered Tehran “NOTHING.” He also described the report as a hoax and called on Axios to withdraw it.

Axios had reported, citing unnamed US officials, that Trump was willing to provide sanctions relief and release Iranian frozen funds in exchange for concrete Iranian steps concerning its nuclear program. Reuters separately reported that both Axios and CNN had cited unidentified US officials regarding the reported proposal.

The dispute over the reported offer comes as Washington and Tehran continue indirect diplomacy through mediators.

US and Iranian officials separately engaged with mediators on Monday in a renewed effort to end the conflict. Discussions are expected to focus on an amended version of Iran’s seven-day proposal, which Tehran presented during the UN General Assembly.

Iranian Foreign Minister Abbas Araghchi has said Tehran is awaiting Washington’s definitive response to its proposal. Iran has linked the reopening of the Strait of Hormuz to conditions including an end to hostilities, sanctions relief, the release of frozen assets and the lifting of the US blockade on Iranian ports.

Trump has previously rejected Iran’s proposal, while also indicating that further talks could take place this week. On Monday, he said US officials had been speaking with mediators involved in efforts to end the conflict.

The Strait of Hormuz remains a key point in the standoff because of its importance to global energy supplies and maritime trade. Iran's conditions for reopening the waterway have become closely tied to the broader negotiations over sanctions, the conflict and its nuclear program.

FYI

Trump’s denial adds uncertainty to the terms being discussed through intermediaries. The reported Axios proposal and Trump’s public rejection represent competing accounts of what, if any, US concessions are under consideration, while neither side has publicly confirmed a final agreement on sanctions relief or frozen Iranian assets.

The broader diplomatic track remains active despite the disagreement. Iran continues to condition movement on the Strait of Hormuz on its stated demands, while Washington has indicated that further talks remain possible. As a result, the current contacts should be viewed as ongoing negotiations rather than an agreed settlement.

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