Key facts
- Iran's Foreign Minister stated that $24 billion in Iranian assets will be unfrozen as part of a potential deal with the US.
- The memorandum of understanding includes a ceasefire and the lifting of the Strait of Hormuz blockade.
- President Trump reposted the Iranian foreign minister's statement on social media.
- The US military reported shooting down multiple Iranian attack drones in the Strait of Hormuz.
- Four British pro-Palestinian activists were jailed on terror charges for a raid on an Israeli arms firm.
- Israel activated air raid alerts in its northern town of Metula due to hostile aircraft infiltration.
Iran's Foreign Minister Abbas Araghchi has indicated that a memorandum of understanding with the United States to end the war is closer than ever, with approximately $24 billion in Iranian assets potentially to be unfrozen upon finalization. Araghchi stressed that media speculation should cease until the deal is concluded.
President Donald Trump reposted Araghchi's statement on his Truth Social platform. This comes after Trump had previously criticized alleged leaks to state media regarding the memorandum's details, labeling them "fake news."
The US military reported that its forces shot down multiple Iranian attack drones that were attempting to strike commercial ships transiting the Strait of Hormuz. The US Central Command (CENTCOM) stated that the waterway remains open to maritime traffic.
In a separate development, four British pro-Palestinian activists from the banned group Palestine Action were jailed on terror charges by a UK court. The charges stemmed from a 2024 raid on an Elbit Systems UK facility in Bristol, where they caused significant damage to Israeli weapons. Judge Jeremy Johnson cited a "terrorism connection" due to the serious property damage and the aim to influence the British government.
Meanwhile, Israel's military announced that air raid alerts were activated in the northern town of Metula due to the infiltration of a hostile aircraft. Details of the incident were under review.