Draft U.S.-Iran Deal Would Release $25 Billion in Frozen Assets for Iranian Nuclear Restraint

A draft agreement between the United States and Iran would release $25 billion in frozen Iranian assets in exchange for a commitment by Tehran not to produce or acquire nuclear weapons, a senior Iranian official told Reuters. President Trump stated early Sunday that the Strait of Hormuz will be opening shortly.

Iranian Foreign Ministry spokesperson Esmail Baghaei said the two governments will not sign the deal on Sunday but that it could take place in the coming days.

Sen. Jack Reed, the top Democrat on the Senate Armed Services Committee, said on Fox News Sunday that the United States would receive less under the proposed deal than it obtained under the JCPOA. Reed added that the United States has spent billions of dollars, lost 14 personnel killed in action, and had hundreds wounded in the conflict with Iran.

Reed also said the United States has disrupted the world economy in the conflict. He told host Shannon Bream that President Trump wants to give himself a birthday present with the deal. The president turns 80 years old on Sunday.

Rep. Seth Moulton, who sits on the House Armed Services Committee, said the reported terms amount to a surrender document. Moulton stated that $100 billion of taxpayer money has already been put into the war with Iran and that 14 Americans have died.

House Minority Leader Hakeem Jeffries said on Meet the Press that he would have to take a look at the terms of an agreement if finalized. Jeffries stated that the war with Iran has been reckless and a disaster. Jaime Harrison, the former chair of the Democratic National Committee, said the vast majority of congressional Democrats have voted in favor of war powers resolutions to force Trump to wind down the conflict with Iran.