US-Iran war highlights: ‘I will do what I have to do’, warns Trump if Iran doesn't stick to agreement

US-Iran war LIVE updates: Gold prices rebounded on Monday, snapping a three-session losing streak, as a decline in Brent crude prices following positive developments in US-Iran talks lent support to the precious metal.

However, investors remained cautious amid the Federal Reserve's hawkish stance.

Spot gold rose 1.2% to $4,209.49 an ounce by 1205 GMT after falling to its lowest level since June 11 in the previous session.

Meanwhile, US gold futures for August delivery slipped 0.4% to $4,228.30.

US-Iran war LIVE updates: US Treasury yields rose across the curve as investors returned from Friday's cash-market holiday and reassessed inflation risks after President Donald Trump renewed threats of military action against Iran over Hezbollah's attacks on Israel.

The selloff in Treasuries came as oil prices climbed early Monday amid concerns that escalating tensions in the Middle East could keep energy costs elevated, potentially complicating the Federal Reserve's efforts to tame inflation.

US-Iran war LIVE updates: JD Vance says talks have laid a strong foundation for a successful final deal, adds Iran has agreed to allow UN nuclear IAEA watchdog inspectors back into the country.

US-Iran war LIVE updates: US Vice President JD Vance says Iran talks have made 'a lot of good progress', says Strait of Hormuz remains open.

US-Iran war LIVE updates: Israeli Foreign Minister Gideon Saar said Israel intends to uphold the ceasefire in Lebanon as long as Hezbollah adheres to the terms of the agreement, but stressed that Israeli forces would remain in the security zone in southern Lebanon.

In a post on X following talks with New Zealand Foreign Minister Winston Peters, Saar said Israel had no territorial ambitions in Lebanon but would not withdraw from the areas it currently controls.

"We don't have territorial ambitions in Lebanon, but we will not withdraw from the security zone and expose our citizens to Hezbollah's attacks and possible invasion," Saar said.

US-Iran war LIVE updates: Iran has moved to tighten its control over the Strait of Hormuz, declaring that vessels must obtain its approval to transit the strategic waterway and signalling that it could impose fees in the future through a mandatory insurance scheme.

In a document published by the country's Persian Gulf Strait Authority, Tehran said all ships passing through the strait would be required to obtain an insurance policy, which is currently free of charge but could later carry fees.

US-Iran war LIVE updates: Lebanese President Joseph Aoun held talks with senior US and Qatari officials on Monday on efforts to shore up the ceasefire in Lebanon and establish a "de-confliction cell", his office said, following the latest round of US-Iran negotiations in Switzerland.

The move comes after mediators Pakistan and Qatar announced that Tehran and Washington had agreed to create a mechanism involving Lebanon aimed at ensuring compliance with the cessation of military operations.

Fighting between Israel and Hezbollah, which entered the broader Middle East conflict on March 2 after launching rockets at Israel in support of its ally Iran, has repeatedly threatened to undermine regional peace efforts.

US-Iran war LIVE updates: Talks between Iran and the United States in Switzerland concluded successfully, Pakistani Prime Minister Shehbaz Sharif said on Monday, announcing what he described as significant progress in efforts to reach a final agreement.

US-Iran war LIVE updates: Israeli Foreign Minister Gideon Sa'ar told New Zealand Foreign Minister Winston Peters that Israel will continue to respect the Lebanon ceasefire as long as Hezbollah does not violate it.

However, Sa’ar said Israel “will not withdraw from the security zone”, arguing that doing so would expose Israeli citizens to attacks and potential incursions by Hezbollah.

He also accused Iran of undermining Lebanon’s sovereignty through Hezbollah and said it was in the interests of both countries for Hezbollah’s military infrastructure to be dismantled. Sa’ar additionally invited Peters to visit Israel.

US-Iran war LIVE updates: Joseph Aoun held a phone call with US Vice President JD Vance, senior adviser Jared Kushner, and Mohammed bin Abdulrahman Al Thani to discuss strengthening the ceasefire in Lebanon.

According to the Lebanese presidency, the leaders focused on ways to de-escalate Israeli military operations and explored measures to support the truce, including the possible creation of a coordination cell to monitor implementation.

US-Iran war LIVE updates: Iran says recent talks with the US in Switzerland made progress on sanctions relief, oil exports and the release of frozen Iranian assets.

Foreign Ministry spokesperson Esmaeil Baghaei said discussions lasted 18 hours and that issues including oil sales and export licences “should, as a rule, enter the implementation phase soon.”

Talks were briefly suspended after remarks by Donald Trump, but continued through mediators.

Baghaei stressed that formal nuclear negotiations have not yet begun and insisted on reciprocal compliance, saying the US must not “shirk its obligations” and that “any step we take must be accompanied by mutual implementation of commitments by the other party.”

“The basis is commitment for commitment — any step we take must be accompanied by mutual implementation of commitments by the other party.”

US-Iran war LIVE updates: Iran’s national football team issued an emotional message from the locker room at SoFi Stadium in Los Angeles after completing their second group-stage match at the 2026 FIFA World Cup. The team played amid tributes from fans displaying “Minab 168” banners and shirts in memory of the 168 victims of the February 2026 missile strike on a school in Minab.

In a message shared by the Iranian Embassy in Australia, the players said: “From ancient Iran thousands of years old to civilised Iran today, the spirit of Iran has remained alive and steadfast. We came to Los Angeles with pride, competed with chivalry, and leave this city with honour.”

Thanking supporters around the world, they added: “We are grateful to all Iranians who, in these 180 minutes, stood for Iran with all their heart, voice, and being. We wish for peace, respect, and friendship among all the nations of the world.”

Iran drew 2-2 with New Zealand on June 16 and played out a 0-0 stalemate against Belgium on June 21. They will face Egypt on June 27 in their final group-stage match.

US-Iran war LIVE updates: After the first round of negotiations between Tehran and Washington in Switzerland aimed at bringing the West Asia conflict to an end, Switzerland said on Monday that the stage had been set for technical discussions to begin straight away.

Technical-level meetings are due to continue at the resort for the remainder of the week.

The Swiss ministry said that the roadmap agreed during the first round of talks "creates the conditions for the immediate resumption of new technical discussions".

"Switzerland remains ready to support this process, in line with its tradition of good offices," it said, stressing that "our aim is that our diplomacy contributes to de-escalation, stability and peace".

US-Iran war LIVE updates: Technical discussions between Iran and the US on how to put their memorandum of understanding into effect, along with the creation of related working groups, are set to start in Switzerland on Monday, the Iranian Student News Agency reported.

Switzerland also said on Monday that the groundwork had been laid for technical talks to begin without delay.

"The Swiss facilitator welcomes the constructive progress made during the intensive diplomatic talks that continued throughout the night of 21-22 June at the Burgenstock between the mediators, Iran and the United States," the Swiss foreign ministry said in a statement, adding that the roadmap agreed "creates the conditions for the immediate resumption of new technical discussions".

Iran's team is being led by deputy foreign minister Kazem Gharibabadi and includes specialists in political, economic and legal matters.

Representatives from mediator countries Pakistan and Qatar are also taking part in the discussions, while Iran's chief negotiating team, led by Mohammad Baqer Ghalibaf, has already returned to Tehran.

US-Iran war LIVE updates: Lebanese President Joseph Aoun held a phone conversation with US vice president JD Vance to discuss efforts aimed at preserving the ceasefire and preventing further Israeli military escalation, the Lebanese presidency said on Monday.

According to the presidency, White House envoy Jared Kushner and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani also joined the conversation between Aoun and Vance.

US-Iran war LIVE updates: Iran's delegation, headed by Parliament Speaker Mohammad Bagher Ghalibaf, departed from the venue of negotiations with the US on Monday after nearly 18 hours of intensive discussions, foreign minister Abbas Araghchi reportedly said in a post on his Telegram channel.

US-Iran war LIVE updates: Airlines could save billions of dollars on jet fuel after an interim peace agreement between the US and Iran pushed oil prices lower. However, travellers are unlikely to benefit straight away, as limited capacity may allow carriers to keep ticket prices above levels seen before the conflict.

The US market shows the trend most clearly. Airfares have not fully caught up with this year's rise in fuel costs, while growth in domestic seating capacity remains restricted. This gives airlines room to use the drop in fuel expenses to improve profit margins instead of rolling back recent fare increases.

Spot prices for US jet fuel were at $2.85 per gallon on June 17, a steep fall from the early April peak of $4.88. If prices remain at those levels, the annual fuel bill for the US airline industry could fall by more than $40 billion, according to a Reuters estimate based on the sector's fuel consumption.

US-Iran war LIVE updates: Iran has increased the volume of crude oil it is openly shipping through the Strait of Hormuz to its highest level since the conflict began, as maritime traffic in the region rises and Tehran and Washington continue efforts to secure a long-term peace agreement.

Ship-tracking data showed that about 6 million barrels of Iranian crude are being carried by three US-sanctioned supertankers, Elva, Virgo and Vigor, which passed through the strategic waterway early on Monday.

All three vessels are showing destinations near Singapore, where Iranian oil is commonly transferred to other ships that frequently transport the cargo to refineries in China, Bloomberg reported.

US-Iran war LIVE updates: The aftermath of weeks of Israeli airstrikes is still visible in Tyre, the historic city on Lebanon's Mediterranean coast. Although the situation has become relatively calmer, normal life has yet to return, Associated Press said in a report.

A fresh ceasefire between Israel and the Iran-backed Hezbollah group is currently in place. However, earlier ceasefires have collapsed, leaving many residents anxious and uncertain.

People in Lebanon are closely watching the talks between the United States and Iran in Switzerland, hoping they will help restore stability to the country.

More than 4,000 people in Lebanon have been killed in Israeli strikes since the latest conflict between Israel and Hezbollah began in March, two days after the Iran war started, when Hezbollah launched attacks on Israel.

The group has also engaged in clashes with Israeli forces, leading to their deepest advance into southern Lebanon in more than 25 years.

Iran war news LIVE: Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israeli troops would stay in a security zone in southern Lebanon for as long as needed to safeguard the country's citizens.

Netanyahu further claimed that joint military operations had dealt a major blow to Iran's nuclear capabilities.

"We destroyed Iran's nuclear infrastructure," Netanyahu said, adding, "But we didn't just confront Iran. We shattered Iran's terror axis."

US-Iran war LIVE updates: Read the full joint statement released by Pakistan and Qatar on the first round of US-Iran talks:

"The first session of high level talks under the framework of the Islamabad Memorandum of Understanding have concluded in Burgenstock, Switzerland, with the participation of representatives from the Islamic Republic of Iran, the United States of America, and the two mediating parties, the State of Qatar and the Islamic Republic of Pakistan.

The Lake Lucerne Summit was conducted in a positive and constructive atmosphere. Encouraging progress has been made including the creation of a mechanism for further technical talks.

Building on the MoU, the parties have agreed to the establishment of a High Level Committee, which will provide political oversight on the mediation. Chief negotiators will report regularly to the High Level Committee and lead working groups focused on nuclear, sanctions, and a monitoring and dispute resolution group to ensure the effective implementation of the MoU, and on other matters.

The High Level Committee has agreed upon a roadmap towards reaching a final deal within 60 days, laying the foundation for the immediate commencement of further technical talks. In addition, a communication line between the parties has been formed for the period mentioned in paragraph 5 of the MoU to avoid incidents and miscommunication with the aim of safe passage for commercial vessels through the Strait of Hormuz.

Moreover, the parties agreed on the creation of a de-confliction cell, between the parties, the Lebanese Republic and facilitated by the Mediators, to ensure the adherence of the termination of military operations in Lebanon as per the MoU. Technical talks will continue for the remainder of the week at the Burgenstock resort on all issues.

The mediating parties will continue to do their utmost to ensure that the negotiations continue to be conducted in a constructive atmosphere with the aim of reaching a final deal.

The State of Qatar and the Islamic Republic of Pakistan express their sincere appreciation to the United States of America and the Islamic Republic of Iran for their ongoing commitment to diplomacy and a peaceful resolution to the conflict. The mediating parties further commend brotherly and friendly countries for their continued support and valuable contribution to the ongoing negotiations."

Iran war news LIVE: According to the joint statement, the High Level Committee established by Tehran and Washington to oversee the negotiations has "agreed upon a roadmap towards reaching a final deal within 60 days, laying the foundation for the immediate commencement of further technical talks".

The statement added that the US and Iran "agreed on the creation of a de-confliction cell, between the parties, the Lebanese Republic and facilitated by the Mediators, to ensure the adherence of the termination of military operations in Lebanon".

Lebanon became involved in the wider West Asia conflict in early March after Iran-backed Hezbollah launched rockets at Israel in response to the killing of Iran's supreme leader in US-Israeli strikes. Renewed fighting in Lebanon in recent days has raised concerns over the future of the peace process.

The statement also said Tehran and Washington had established a "communication line" to "avoid incidents and miscommunication with the aim of safe passage for commercial vessels through the Strait of Hormuz".

Posting on X on Monday, Abbas Araghchi said, "oil and petrochem exports are waived, blockade lifted, some frozen assets released, and major reconstruction & development plan launched for Iran".

However, the joint statement issued by Pakistan and Qatar made no reference to the release of Iranian assets.

Iran war news LIVE: Gold prices recovered from a more than one-week low on Monday as oil prices weakened after Iran pointed to progress in talks with the United States, easing concerns over supply disruptions.

However, expectations of higher interest rates following hawkish signals from the US Federal Reserve capped gains in the precious metal.

Spot gold rose 0.4% to $4,176.34 an ounce by 0424 GMT, after dropping to its lowest level since June 11 on Friday. US gold futures for August delivery slipped 1.2% to $4,194.40, news agency Reuters reported.

US-Iran war LIVE updates: Brent crude prices fell on Monday after talks between the United States and Iran ended in Switzerland, with Tehran saying it had obtained exemptions for oil and petrochemical exports, easing concerns over a possible supply crunch in global markets.

Brent crude dropped $1.19, or 1.48%, to $79.38 a barrel by 0416 GMT. Prices had earlier risen to $82.30 at the start of trading, driven by a difficult start to the negotiations, with US President Donald Trump threatening to resume the war against Iran and Tehran announcing that it had once again shut the Strait of Hormuz, news agency Reuters reported.

US West Texas Intermediate crude futures stood at $76.73 a barrel, up 13 cents, ahead of the contract's expiry later on Monday. The more actively traded August contract slipped 21 cents to $75.64 a barrel. There was no settlement in the US market on Friday because of a public holiday.