President Donald Trump warned Iran is “FINISHED” and would “get no money” out of the newly signed deal with the U.S. after the two sides cancelled a meeting set for Friday in Switzerland—as the agreement appears fragile less than 48 hours after it was signed.

Trump said “we’ll play out the 60 days. They get no money, not ten cents!” referring to the 60-day period after the agreement was signed overnight Wednesday to negotiate outstanding issues, including the future of Iran’s nuclear program.

The deal included a commitment from the U.S. to lift sanctions on Iran and unfreeze Iranian assets in foreign accounts in the final agreement, to be made within 60 days.

Iran and the U.S. cancelled the first meeting of the second round of negotiations without explanation, though the White House suggested the delay was due to “logistics.”

Three unnamed diplomats told The New York Times Iran backed out because of Israel’s continued attacks on Iran-backed Hezbollah militants in Lebanon.

Israel and Hezbollah reached a ceasefire agreement Friday morning after Israeli airstrikes killed at least 47 people in Lebanon since midnight, Reuters reported , citing the Lebanese health ministry, while Israel said four of its soldiers were killed in southern Lebanon.

The deal between the U.S. and Iran required military hostilities between both sides and their allies to cease on all fronts, including Lebanon, though Israeli Prime Minister Benjamin Netanyahu has made clear his country was not involved in the agreement and is not required to adhere to its terms.

In an earlier Truth Social post on Friday, Trump attacked critics of his Iran deal, claiming the U.S. has "diminished Iran! It doesn’t, any longer, have an Air Force, a Navy, Antiaircraft Equipment, Radar, or practically anything else, and yet the Dumocrats say that Iran is better off now than it was four months ago.” Trump has faced bipartisan criticism over the deal, including from some of his MAGA allies, and almost no one has said the U.S. came out ahead in the agreement.

Vice President JD Vance was scheduled to fly to Switzerland on Friday to begin negotiating a final agreement with Iran after Trump and Iranian President Masoud Pezeshkian signed a memorandum of understanding on Wednesday. The initial deal ended all military hostilities between the two sides and required Iran to reopen the Strait of Hormuz without tolls during the 60-day negotiating period. The U.S. is also required to lift its naval blockade on Iranian ships within 30 days, and issue immediate waivers on exports of Iranian oil.

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