Iran war highlights: Deal to be signed on June 19; report says US will allow Iran to ‘immediately’ sell oil

Iran war LIVE: The details of the MoU haven't been made public officially, but Vance on said it is "a very general document" with specifics of the deal to be worked out during further negotiations.

“The MOU...is about a page and half so it is a very general document. On a number of issues, we are going to have to figure this stuff out during the technical negotiation phase,” US vice president JD Vance told CNN.

While still a framework, the deal marked the biggest breakthrough toward resolving the conflict that has killed thousands and upended energy markets since it began with joint US-Israeli strikes on Iran on February 28

Iran war LIVE: European Commission President Ursula von der Leyen said she congratulated President Trump on his agreement with Iran.

“We both agree that it should mean a definitive end to Iran's nuclear programme,” she said in a post on X.

“The Strait will reopen. Oil prices are falling. And that's how diplomacy delivers.”

Iran war LIVE: US President Donald Trump on Tuesday said US is not investing “any money” in Iran.

“But we have a deal that's a fair deal. It's a good deal. We are not investing any money in Iran. We have the right to go in someday and do it if I want to do something or if somebody wants to do something. But we are not investing any money. We have no obligation to invest any money in Iran.”

Iran war LIVE: Qatar on Tuesday said it believed the agreement could deliver security to the Middle East, AFP reported.

"We are cautiously optimistic that the signing of the memorandum of understanding will lead to the next phase of regional security through the talks that will take place on the nuclear programme and on other issues," foreign ministry spokesman Majed Al Ansari told reporters at a regular press briefing.

Iran war LIVE: Trump also said he had a “great relationship” with Israeli prime minister, Benjamin Netanyahu, but said he “has to be more responsible with respect to Lebanon”, the Guardian reported.

“Without me there would be no Israel, because no other president was willing to do what I did,” he told reporters.

Iran war LIVE: US President Donald Trump on Tuesday warned that “all hell will rain down” on Iran if it tries to get a nuclear weapon, the Guardian reported.

“The only ⁠thing that ​really ‌matters to ‌me is Iran ‌will never have a nuclear weapon, and it says it loud and ‌clear,” he said, referring to the agreement with Tehran.

Latest news on Iran war: Even as US and Iran inch closer to a deal to end months of conflict, Iran foreign minister Abbas Araghchi struck a cautious tone, saying: "We have a history of broken commitments... a history of agreements being torn up. All of this is present in our minds."

Latest news on Iran war: US President Donald Trump on Monday said that under the US peace deal, Iran will never have a nuclear weapon.

"I think its a fair deal', he said.

He also said that US is not investing any money in Iran.

Latest news on Iran war: Iran foreign minister Abbas Araghchi has emphasised on the ‘importance’ of a pause in Israeli attacks on Lebanon and said that Israeli attacks on Lebanon will be considered MoU violation.

Foreign Minister Abbas Araghchi told diplomats from other countries that Israel's continued occupation of southern Lebanon would violate the memorandum of understanding reached between the United States and Iran, in comments aired on Iranian state television.

"The end of the war in Lebanon is an inseparable part of the complete end of the war," Araghchi said. "Without the withdrawal of Israeli forces from the territories they occupied during this war, the war has not fully come to an end."

Latest news on Iran war: Indian Ambassador to Oman, Prashant Pise, interacted with 21 rescued Indian seafarers from MT Settebello on Tuesday, before their repatriation to the country.

On June 10, the US struck a Palau-flagged tanker, MT Settebello, killing three out of the 24 Indian sailors on board.

MT Settebello was about 30 Nautical Miles off the coast of Oman at the time of the attack, the Indian Embassy said in a post on X.

"21 Indian crew members of MT Settebello are returning home safely," according to the Indian mission.

"Prior to their departure, the ambassador interacted with the crew members, conveyed his best wishes," the Indian mission said.

Latest news on Iran war: Iran and the US will physically sign the MoU, an interim doc to end months of war, in Geneva on Friday. Iran has said its chief negotiator and Parliament speaker Ghalibaf will attend the ceremony, while US vice president JD Vance and envoys Steve Witkoff and Jared Kushner will represent the US side.

Iran foreign minister said final talks on deal will begin on Friday, likely after the formal signing of the interim document.

Latest news on Iran war: Iran's top negotiator Mohammad Baqer Ghalibaf will be present for the signing of an interim agreement to end the war with the U.S., an Iranian deputy foreign minister said on Tuesday, according to Tasnim news agency.

Majid Takht-Ravanchi said it remained unclear where exactly the signing would take place and in what format it would be conducted.

U.S. President Donald Trump said on Monday that Vice President JD Vance would attend the formal signing ceremony in Geneva.

via Reuters

Latest news on Iran war: Iran and US envoys will meet in Geneva and physically sign to MoU, following which talks on the final deal will begin.

Latest news on Iran war: US President Donald Trump will host Iraqi Prime Minister Ali al-Zaidi at the White House next month, the Iraqi leader's office and the US embassy in Baghdad said Tuesday.

"Special Presidential Envoy Barrack conveyed President Trump looks forward to welcoming Prime Minister Al-Zaidi to the White House mid-July to discuss the future of this important relationship," said a joint statement from the Iraqi leader and Trump's special envoy to Iraq, Tom Barrack, issued by the embassy.

The announcement comes during a visit by Barrack to the Iraqi capital Baghdad during which he discussed with the prime minister disarming and dissolving Iraq's armed groups operating outside state authority.

The United States has recently increased pressure on Baghdad to disarm Iran-backed groups. In early May, Washington pledged to resume financial transfers to Iraq and security assistance once "concrete steps" have been taken against the groups.

Armed groups launched attacks against US facilities in Iraq after the Middle East war broke out in late February, before a ceasefire took effect on April 8.

via AFP

Latest news on Iran war: Even as US and Iran inch closer to a deal to end months of conflict, Iran foreign minister Abbas Araghchi struck a cautious tone, saying: "We have a history of broken commitments... a history of agreements being torn up. All of this is present in our minds."

US Iran war LIVE: Iran foreign minister Abbas Araghchi told Iran state television that end of Iran war includes end of Israel’s occupation of Lebanon.

via Reuters

US Iran war LIVE: Iran began its FIFA World Cup 2026 journey on Tuesday morning with a 2-2 draw against New Zealand. The Group G encounter had it all, and the fans got to witness one of the best games of the tournament so far. After a thrilling encounter at the Los Angeles Stadium, Iran's football coach Amir Ghalenoei revealed that his team were ordered to leave the US immediately and return to its training base in Mexico. However, the coach didn't say much about where the directive came from.

According to the Associated Press, Iran was expecting to spend the night in California for recovery after a gruelling game against New Zealand, but they were told they must leave immediately for the 140-mile trip back to Tijuana.

“They didn’t even give us time to recover,” Ghalenoei said through an interpreter.

“After the game today, they said to us, ‘You have to leave immediately.’ It’s very important for us to have time for recovery, but we are asked to get on a plane and return to our camp in Tijuana, and we are really troubled by that," he added. Read full report

US Iran war LIVE: Iran foreign minister Abbas Araghchi has said the talks on final agreement with US 'likely' to start Friday, AFP reported.

US Iran war LIVE: US vide president JD Vance, US envoys Steve Witkoff and Jared Kushner will be on the negotiations table from the US side, while Parliament speaker Mohammed Bagher Ghalibaf, foreign minister Abbas Araghchi will represent Iran as the two sides will meet in Geneva on Friday with Pakistani and Qatari mediators.

US Iran war LIVE: D oubts swirled around the U.S.-Iran interim deal to end the war in the Middle East as shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz, and fundamental questions remained unanswered.

U.S. President Donald Trump said on Monday a preliminary agreement to end the conflict had been signed by the U.S. and Iran, although details have yet to be made public and both countries said a permanent truce was yet to be negotiated.

The interim agreement would extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz, which Iran has effectively blocked since the U.S. and Israel attacked Iran in February.

Negotiators would address difficult issues like the future of Iran's nuclear programme during the next phase of talks to be held during the 60-day window.

Two other issues that Trump and Israeli Prime Minister Benjamin Netanyahu used to justify the war - ending Iran's support for regional armed proxies and curbing its missile programme - are not thought to be on the agenda for those negotiations.

"The deal's all signed," Trump said after he arrived in France for a summit of the G7 group of big economies. He said Vice President JD Vance would attend a formal signing ceremony in Geneva on Friday.

Oil prices fell on Monday to their lowest level since March 10, shortly after the blockade of the Strait of Hormuz, a narrow waterway between Iran and Oman, cut off one-fifth of the world's oil trade.

But on Tuesday the price steadied, reflecting a more cautious stance, with Brent crude futures sliding 0.3% to $82.96 a barrel in Asian trading hours.

via Reuters

US Iran war LIVE: Iran and the United States said ships had again started moving through the Strait of Hormuz -- with President Donald Trump saying the vital oil route would be "completely open" by Friday -- after Washington and Tehran announced a deal to end the Middle East war.

The reopening of one of the world's most important energy chokepoints would mark a major step toward ending months of deadly conflict and economic turmoil triggered by US-Israeli strikes on Iran in late February.

"Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz," Trump said, adding later that he did not "think we will need much help" keeping the waterway open.

The deal sparked a huge rally across global equities, with the Dow on Wall Street hitting a record high and crude prices plunging almost five percent.

Iranian media reported on Monday evening that three oil tankers and two laden cargo ships had passed through the area that had been subject to a US naval blockade.

(AFP)

US Iran war LIVE: Oil headed for its longest losing streak this year as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply, with leading Wall Street banks reducing their price forecasts.

Global benchmark Brent fell below $83 a barrel, falling for a fourth day, while West Texas Intermediate was near $81. The interim agreement is due to be signed by both sides in Switzerland on Friday, although Washington and Tehran have yet to release the text of their memorandum.

Both Morgan Stanley and Goldman Sachs Group Inc. cut price outlooks for the coming quarters, with the latter now assuming Persian Gulf exports will reach pre-war levels by the end of July, a month earlier than previously forecast.

President Donald Trump insisted that the strait would be clear on Friday. “We have a lot of lanes right now already,” he told reporters at the Group of Seven summit in France. “It’s going to be open and it’s toll-free.”

Oil’s drop to the lowest since early March has erased the bulk of the gains seen during the conflict, easing inflationary pressures just as policymakers at the Federal Reserve assess interest rates this week. Still, many questions remain over how the interim pact will be implemented, including concerns over shipping safety, operating rules and whether the chokepoint — which carried about a fifth of oil supply before the war — will actually remain toll-free.

(Bloomberg)

US Iran war LIVE: Even as US and Iran inch closer to a deal to end months of conflict, Iran foreign minister Abbas Araghchi struck a cautious tone, saying: "We have a history of broken commitments... a history of agreements being torn up. All of this is present in our minds."

US Iran war LIVE: Israeli Prime Minister Benjamin Netanyahu said the country's forces would remain in Lebanon, Syria and Gaza "as long as necessary".

He said the war with Iran had spared Israel from the Islamic republic's threat of "nuclear annihilation", while Israeli figures across the political spectrum criticized the deal.

Lebanese President Joseph Aoun welcomed the agreement during a call with Araghchi, saying he hoped it would be a "positive step towards reducing tensions".

Lebanese state media later reported the first deadly strike since the announcement, saying the Israeli attack in the south killed one person.

Hezbollah, which thanked Iran for insisting Lebanon be included in the deal, said it had repelled an Israeli force trying to "advance" in southern Lebanon.

via AFP

US Iran war LIVE: The Indian rupee rose modestly on Tuesday, though scepticism over the longevity of a U.S.–Iran truce and hedging by importers checked any meaningful advance.

The rupee rose 0.1% to 94.6175 against the U.S. dollar as of 11:00 a.m. IST.

The local currency hit an intraday high of 94.53 before slipping, much like on Monday, suggesting importer hedging interest around those levels, a currency trader at a private sector bank said.

While the rupee's underlying tone has improved following the U.S.–Iran peace deal, uncertainty lingers over its details and durability.

Anil Bhansali, head of treasury at Finrex Treasury Advisors, said markets were awaiting details of the Iran deal, which are yet to be released.

On Monday, U.S. President Donald Trump said Washington and Tehran had signed a preliminary agreement to halt the Gulf war, with both sides adding a permanent truce still needed to be negotiated. The deal would extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz, a conduit for about a fifth of world energy supplies.

via Reuters