President Donald Trump on Friday dismissed Iranian media reports about a potential agreement to end the war.
Trump denied that the United States has made any major concessions to Iran.
Iranian state media reported earlier Friday the details of a possible memorandum of understanding that could be signed.
Iran's version, as outlined by the IRNa news agency, said the United States will release part of Iran's frozen assets immediately after the deal is signed, with the remainder freed gradually during further negotiations.
Nuclear issues, the major point of contention for the United States, would be set aside for later talks, Iranian media reported.
But Trump insisted those details are untrue.
“Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith,” Trump added to his social media post on Friday.
On Thursday, Trump announced that the United States had "just made a great settlement of the war with Iran" and that a deal is nearing completion. The deal, according to Trump, would ensure Iran never obtains a nuclear weapon and that the Strait of Hormuz would reopen.
The president also condemned Iran’s drone attack Thursday night against Indian Ships leaving the Strait of Hormuz.
“They better get their act together, and FAST!” Trump added to his social media post Friday.
According to the president, Vice President JD Vance is expected to attend a signing ceremony that could take place in Europe as soon as this weekend.
Vance on Friday sought to clarify the “fake information” about a potential deal.
The conflict began Feb. 28 following a major escalation between Iran and Israel, marked by exchanges of missile and drone attacks. The hostilities disrupted shipping in the Gulf and ultimately prompted U.S. military involvement.
Peace talks between both sides have been led by Pakistan, but Trump has insisted that any agreement must be a “great deal,” otherwise the United States will not sign it.