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Trump Might Lift Sanctions On Iran—After Blasting Obama For Doing It
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Trump Might Lift Sanctions On Iran—After Blasting Obama For Doing It

Forbes · Jun 12, 2026, 8:34 PM · Also reported by 4 other sources

Key takeaways

  • Topline President Donald Trump appears close to reaching a new agreement with Iran that reportedly has many similarities to the Obama-era deal he blasted—including sanctions relief for Iran.
  • President Donald Trump speaks before signing a proclamation in the Oval Office of the White House in Washington, DC, on June 11, 2026.
  • Vance said if Iran “meets its obligations, then economic benefits will flow to them and to the entire region.”

Topline President Donald Trump appears close to reaching a new agreement with Iran that reportedly has many similarities to the Obama-era deal he blasted—including sanctions relief for Iran.

President Donald Trump speaks before signing a proclamation in the Oval Office of the White House in Washington, DC, on June 11, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)AFP via Getty Images Key Facts It’s unclear exactly what the sanctions relief for Iran could entail—Reuters reported Friday that the deal would waive all sanctions on Iran’s oil and unfreeze billions of dollars in frozen assets.

Vice President JD Vance described the sanctions relief as conditional on Friday, writing on X that “the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting.”

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