US Iran news highlights: Trump says Iran agreed on nuclear clause, denies reports of US paying $300 billion to Tehran

US Iran news highlights: President Donald Trump waves to reporters as he arrives for the G7 summit, Monday, June 15, 2026, in Evian-les-Bains, France.

US Iran news highlights: US President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf have signed the memorandum of understanding between the United States and Iran, a senior US official said on Monday. Follow latest on Iran US peace deal here

The US and Iran have reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz, a key global oil route. The agreement is expected to be signed in Geneva on Friday, but many details are still unclear.

Even if it goes ahead, it could take months for energy markets to stabilise after the disruption caused by the strait’s closure.

Big hurdles remain on the ground. Israel says it will not pull back from areas it seized in Lebanon, where it is still fighting Hezbollah. Since Israel is not part of the deal, that could complicate things further.

Iran has also said any final agreement must include an end to the Lebanon fighting.

Iranian foreign ministry spokesperson Esmaeil Baghaei outlined Iran’s position on the US–Iran agreement and related regional issues, saying there was a “long road” ahead for the United States to build trust with Iran due to historical grievances dating back to the 1953 coup.

He said distrust remains deep-rooted and cannot be quickly resolved. Baghaei also said regional visits are planned ahead of the signing of the agreement with the United States in Switzerland this week as part of diplomatic preparations.

He added that respecting the sovereignty and territorial integrity of Lebanon is included in the interim understanding with the US, and said Lebanon remains a key part of the framework. Any agreement would not mean overlooking past actions against Iran, saying justice for what he described as “martyrs” would continue and that Iran would document and raise such issues internationally.

Top points from US-Iran peace deal

-June 19 signing date: The peace deal was mediated by Pakistan, with both Washington and Tehran confirming the agreement. An official signing ceremony is scheduled to take place in Switzerland on June 19, news agency Associated Press (AP) reported.

-Removal of the US naval blockade: US President Donald Trump declared that the deal with Iran was complete and announced the removal of the US naval blockade, authorizing the reopening of the Strait of Hormuz for global shipping.

-International maritime traffic to resume: Trump said the move would allow international maritime traffic to resume, signaling that oil shipments through one of the world's most critical waterways could restart without restrictions.

-Negotiations to begin: Iran's Deputy Foreign Minister Kazem Gharibabadi described the agreement as bringing an immediate end to the war between the two countries and said negotiations for a final agreement would begin within two months.

-Israel strikes Hezbollah: The peace announcement came hours after tensions had escalated over an Israeli strike targeting Iran-backed Hezbollah in Beirut, which had threatened to derail diplomatic efforts.

-What Sharif said: Pakistani Prime Minister Shehbaz Sharif stated that both sides had agreed to permanently terminate military operations on all fronts, including in Lebanon. Sharif also thanked the leaders of Qatar, Saudi Arabia, and Turkey for supporting the mediation process that led to the agreement.