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President Trump announced a peace deal with Iran on Truth Social, calling it the 'Great Deal.' Pakistani PM Shehbaz Sharif confirmed military operations have ended, with a signing ceremony set for Friday in Switzerland. Key issues like sanctions and nuclear program are left for further talks within 60 days.
President Trump is heading to the G7 summit after announcing a US-Iran peace deal that includes reopening the Strait of Hormuz and suspending hostilities. A 60-day negotiation period on nuclear issues follows, with a signing ceremony scheduled in Switzerland on June 19. Stocks rallied and oil prices slumped on the news.
President Trump announced a preliminary ceasefire deal with Iran, including a permanent toll-free Strait of Hormuz. The Memorandum of Understanding was signed digitally on Sunday by Trump, Vance, and Iran's Parliament Speaker. An in-person signing ceremony is scheduled for Friday in Switzerland.
President Trump criticized Israel's strike on Beirut, calling for restraint and expressing frustration with Netanyahu. He stated the U.S.-Iran peace deal remains on track for Sunday, though the strike delayed signing by a few hours. Iran threatened retaliation, warning the strikes could imperil final-stage talks.
Oil prices fell in early Asian trade after Pakistan announced a US-Iran peace deal, with Brent crude down 3.8% to $84.02 and US oil down 4.1% to $81.40. President Trump posted 'oil will flow' as the deal reopens the Strait of Hormuz, though analysts warn prices may stay elevated due to de-mining and production delays.
President Trump announced a signed peace deal with Iran, fully reopening the Strait of Hormuz. The full text will be released after a Friday signing ceremony. A US official clarified Israel's Lebanon withdrawal is not a prerequisite, but Israel retains the right to retaliate against Hezbollah attacks.
President Barack Obama expressed doubt that any Iran deal under President Donald Trump would significantly improve on the 2015 JCPOA. In an ABC News interview on June 13, 2026, Obama urged prioritizing diplomacy over military action. Trump announced a new deal with Iran on June 14 to reopen the Strait of Hormuz and dismantle Iran's nuclear program.
Iran's missile program and support for regional proxies were excluded from the U.S.-Iran agreement, per Mehr News Agency. The 14-point MOU includes a cease-fire on all fronts, release of $24 billion in frozen assets, and Iran reaffirming NPT commitments. A signing ceremony is set for June 19 in Switzerland.
Vice President JD Vance confirmed Iran could receive $300 billion in reconstruction funds under a tentative peace deal, provided Iran adheres to the agreement. Iran also reports the US agreed to release $25 billion in frozen assets. Vance had previously claimed Iran would not receive any cash.
Iran circulated at least three competing versions of a proposed interim agreement with the US, with discrepancies over financial relief. President Trump maintained his Sunday timeline to sign a deal, stating it could be done in two to three hours. The competing texts include reopening the Strait of Hormuz and sanctions relief.