President Donald Trump signed a tentative agreement with Iran to end months of war, reopening the Strait of Hormuz and sending oil prices to three-month lows. The deal includes diluting Iran's uranium stockpile, lifting the US naval blockade, and ensuring toll-free passage through the strategic waterway. A signing ceremony is set for Friday in Switzerland. Iran's supreme leader endorsed the deal, calling it a move made 'out of desperation' by the US. Global markets soared on the announcement, though analysts question whether oil prices will stay low given supply uncertainties.
Senior US officials dictated a memorandum with Iran that includes standards for diluting Tehran's uranium stockpile and guarantees toll-free passage through the Strait of Hormuz, according to AP reports from the G7 summit. President Trump said the deal 'could be signed tomorrow,' sending oil prices sliding and global stocks jumping. The agreement would end months of conflict that disrupted energy markets and sent inflation climbing worldwide.
The United States and Iran have reached a tentative agreement aimed at ending their months-long war, with details expected to be released Friday. President Donald Trump announced the deal during the G7 summit in the French Alps, where world leaders discussed the Iran conflict and the war in Ukraine. Iran said the deal requires Israel to withdraw from Lebanon. Vice President Vance confirmed nuclear inspectors will return to Iran under the terms. Oil prices dropped sharply on the news, while stock markets rallied.
The United States and Iran have confirmed a peace deal to end months of hostilities, with an official signing ceremony scheduled for June 19. President Trump ordered an end to the US naval blockade and reopened the Strait of Hormuz. Global stock markets surged on the news, while oil prices fell sharply. The deal's details remain under negotiation, including the future of Iran's nuclear program and Israel's position on the agreement.
Ukraine's sustained drone campaign has triggered the worst fuel shortage on the Russian-occupied Crimean peninsula since its 2014 annexation. Long queues snake outside gas stations in Sevastopol as authorities ration Ai-95 gasoline. Ukrainian attacks on the key Novorossiya highway and bridges linking Crimea to mainland Russia have disrupted supply lines, dealing a blow to Moscow's narrative that it is winning the four-year war.
President Trump announced that a deal to end the ongoing US-Iran war will be signed on Sunday, but Iranian officials immediately questioned the timing and feasibility of the agreement. The announcement comes amid escalating military operations, with US launching new strikes on Iran and Iran firing back at Gulf states and Jordan. The Strait of Hormuz blockade has loosened as Gulf Arab oil reaches market, while the World Bank warns the conflict could pull the global economy to post-COVID lows with growth forecast cut to 2.5 percent.
President Donald Trump claims the US and Iran are on the verge of signing a peace agreement to end three months of war, but Tehran says no final decision has been made. The contradictory statements come after weeks of back-and-forth conflict that included US airstrikes on Iranian radar sites and Iranian retaliatory fire at Gulf states. A fragile ceasefire between Israel and Lebanon also hangs in balance as Hezbollah reportedly rejects key terms of the agreement.
President Donald Trump called off planned military strikes against Iran on Thursday evening, citing progress in negotiations. The decision came after two days of tit-for-tat attacks across the Middle East, with Iran retaliating against US strikes by targeting American assets in Kuwait, Jordan and Bahrain. The cancellation marks a sharp reversal after Trump had threatened to hit Iran 'very hard,' though Iran's top military command warned the US would receive a 'more severe response' if it attacks again. The developments unfolded alongside renewed ceasefire efforts in Gaza and a G7 summit in France where Iran and Ukraine dominated discussions.
President Trump threatened additional military strikes against Iran on Wednesday, saying Tehran has taken too long to negotiate a deal and will now 'have to pay the price.' The warning came as Iran launched attacks on US bases in Jordan and the Gulf, and after Trump ordered strikes near the Strait of Hormuz. The escalating conflict, now in its fourth month, has driven gasoline prices up 40.5% year-over-year and pushed US consumer inflation above 4%. Meanwhile, a 7.8 magnitude earthquake in the Philippines killed at least 35 people and collapsed buildings, while the Iran war's economic shockwaves threaten farms as far away as England.
President Donald Trump said Iran shot down a US Army Apache helicopter near the Strait of Hormuz, calling it an act of aggression that demands a response. The two crew members were rescued in the first-ever sea drone rescue operation. The incident threatens to unravel a fragile ceasefire between Israel and Iran that had held for two months, as Israeli air strikes also hit the Lebanese city of Tyre despite Iranian warnings.