US president says a meeting with Iran will take place in Doha today, but Tehran says there are no plans for talks in the coming days.
Frozen assets are funds or financial holdings that cannot be used because of sanctions or other restrictions.
In Iran’s case, the funds are mainly oil revenues and foreign currency reserves held in banks abroad. Estimates put the total at more than $100bn, although the exact amount is unknown.
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Senate Democratic Leader Chuck Schumer says Trump administration officials, including US Secretary Marco Rubio, have briefed lawmakers on the peace negotiations with Iran.
But the briefing for senators “was delayed, deficient and devoid of details,” he said.
“After dragging America into a costly war, the Trump administration still can’t name a single thing Americans got in return. Instead, Secretary Rubio confirmed to me that Iran will reap billions in oil revenue while retaining dangerous leverage over the Strait of Hormuz,” he wrote.
“If this is the administration’s defense behind closed doors, Secretary Rubio should make it under oath, in public, before the Foreign Relations Committee,” he said.
“Americans are paying the price for Trump’s war. They deserve answers, not this Administration’s nonstop excuses.”
The US president is once again demanding that petrol stations and other fuel retailers lower their prices immediately in response to the fall in oil prices.
In an apparent threat, Trump warned retailers that “big problems lie ahead” if they do not start charging customers less.
“Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south,” Trump said in a post on Truth Social.
“The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead!”
Oil prices surged at the outset of the US-Israel war on Iran after Tehran closed the Strait of Hormuz, through which 20 percent of the world’s energy supplies flowed. Prices have since declined in response to the memorandum of understanding between Washington and Tehran and the possibility of a final deal being reached.
Rashida Tlaib, a Democratic congresswoman, says she will force another vote in Congress to end US involvement in the Israeli “apartheid regime’s campaign of ethnic cleansing and territorial expansion” in Lebanon.
“Congress must vote to end U.S. support for these atrocities and force an end to Israel’s invasion and illegal military occupation of Lebanese territory,” she wrote on X.
“Over 4,250 people have been massacred. Twelve children are killed or maimed every day as these U.S.-backed war crimes continue,” she added.
Tomorrow, I will force another vote to end U.S. participation in the Israeli apartheid regime's campaign of ethnic cleansing and territorial expansion in Lebanon.
Over 4,250 people have been massacred. Twelve children are killed or maimed every day as these U.S.-backed war…
— Congresswoman Rashida Tlaib (@RepRashida) June 29, 2026
Reporting from Washington, DC, US
There was a great deal of talk [by Trump in the Oval Office] about domestic issues.
And perhaps the idea that Trump wants to move on from it [the war on Iran] was summed up in one sentence during that moment in the Oval Office, where he said that everything except the SAVE America voting act, which he has been pushing for some considerable time, is “a big yawn”.
Clearly, Trump would like to get talks [with Iran] back on track.
We are told that [Trump’s envoy] Steve Witkoff will be with the other negotiating team in Doha on Tuesday. They perhaps hope to achieve an end to the fighting that we’ve seen, the breaches of the ceasefire from both sides. We are in a position where [those attacks] have stopped for the moment.
Clearly, there is a degree of frustration as well among the mediators, who thought they managed to get both sides around the table. But it’s just a reminder of how difficult these processes are.
Trump says he wants to have the meeting. He says the Iranians want to have the meeting. The Iranians say no. So, unless you’re actually in the room, we’re not going to know what the real answer is.
But it’s clear that Trump wants to move on from this. Everything else, as he says, is a “big yawn”.
As we’ve been reporting, the US president announced the talks with Iran in a social media post. He also gave more details in subsequent comments to reporters at the White House.
He said the US is doing very well in the fight to denuclearise Iran.
“There’ll be a meeting on that tomorrow in Doha, and they’re going to Qatar there. I think they’ve already left, or they’re just about getting ready to leave. So we’ll see how that goes,” he said.
“But the meeting in Doha is going to be, perhaps important, perhaps not. We’re going to find out, but we’re winning militarily. It’s almost won militarily, I would say. And it’s really very simple. It’s the denuclearisation of Iran. We don’t want them to have a nuclear weapon, and they’re not going to have a nuclear weapon. And they’ve agreed to that.”
US President Donald Trump says a meeting between American and Iranian officials will take place in Doha on Tuesday.
Trump said Iran requested the talks in the Qatari capital, but did not provide further details.
But Iran has said there’s no such plan.
In the past few days, Iran has fired on ships passing through the Strait of Hormuz, while the US launched strikes against Iranian sites in response to Tehran’s attacks.
All this despite both sides signing the memorandum of understanding that brought in a ceasefire.
Iran insists all ships passing through the Strait of Hormuz must coordinate with its Revolutionary Guard. Tehran says the safest routes pass near Iran’s Hormuz and Larak islands, close to the nation’s southern coast.
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Hello, and welcome to our live coverage of the United States and Israel’s war on Iran, as well as Israel’s attacks on Lebanon.
Stay with us for the latest news and analysis from across the Middle East and beyond.
You can find our updates from Monday, June 29, here.
Israeli Finance Minister Bezalel Smotrich calls for the immediate establishment of Jewish settlements in the Gaza Strip.
Israeli rights group B’Tselem has condemned the ‘unprecedented killing of Palestinian children and teenagers”
The US-Iran MoU acts as a state-to-state framework managing mutual pain, not a definitive end to regional conflict.
Turkiye has condemned Israel’s attacks in Syria, calling them a violation of international law.
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