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White House blasts draft Iran agreement as ‘complete fabrication’

The White House said the report was a complete fabrication as talks continue over Iran’s uranium stocks and Gulf access.

  • The White House on Wednesday dismissed an Iranian state television report as a "complete fabrication," refuting claims of a draft memorandum of understanding with Washington.
  • Iranian state-run television had reported the draft agreement included commitments to lift the naval blockade, restore traffic in the Strait of Hormuz, and withdraw US forces from the Gulf.
  • President Donald Trump said Wednesday he was not yet satisfied with Iran's offers, warning the US might "have to finish the job," while Secretary of State Marco Rubio noted "some progress and some interest."
  • Trump warned that "Oman will behave just like everybody else or we will have to blow them up," asserting "nobody" would control the Strait of Hormuz.
  • The Islamic Revolutionary Guard Corps previously threatened to turn its coast into a "graveyard for the aggressors" following military operations launched by the US and Israel in February and paused in April.
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Business Times broke the news on Wednesday, May 27, 2026.
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