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US, Iran agree on deal to end war, sending oil prices lower

Last UpdateJune 15, 2026, 10:40 AM EDT

The U.S. and Iran came to an agreement to end the war and reopen the Strait of Hormuz on Monday, launching further talks regarding Iran’s nuclear program and U.S. sanctions on Tehran.

Covered by: Anders Hagstrom

WHAT TO KNOW

  • The U.S. and Iran come to an agreement to reopen the Strait of Hormuz and cease hostilities as they launch further negotiations on Monday.
  • Vice President JD Vance declared that the agreement will “change the Middle East” if Iran complies with the deal.
  • Israeli leaders have criticized the deal, though Israeli Prime Minister Benjamin Netanyahuhas yet to comment on it.
  • Israeli Defense Minister Israel Katz said IDF forces will not be withdrawing from Lebanon despite the deal.

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3 hours ago

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UKTMO says US blockade on Iranian ports still in effect until deal is signed

U.K. Maritime Trade Operations warned that the U.S. blockade on Iranian ports will remain in effect until the peace deal with Iran is signed on Friday.

The UKTMO sent a memo warning vessels not to attempt a crossing until “explicit direction is given.”

“Blocakde of Iran ports remains in effect pending execution of a US-IRan ceasefire agreement scheduled for 19 June, 2026,” the memo reads.

“Do not attempt to cross until explicit direction is given. A restricted Area Exists Due to Military Blockade Operations in the Arabian Gulf, Gulf of Oman, North Arabian Sea, and the Strait of Hormuz A military blockade of Iranian ports remains in effect restricting all traffic inbound and outbound from these ports,” the memo added.

Posted by Anders Hagstrom

2 hours ago

Vance says US ‘digitally’ signed Iran deal on Sunday, ‘no money’ released to Iran

Vice President JD Vance says the U.S. signed a peace agreement with Iran “digitally” on Sunday, adding that no funds have been released to the Tehran regime.

Vance made the statement in Monday morning interview with CBS News.

“We already signed the deal digitally yesterday and there’s been no money released and that won’t change,” Vance said.

Vance’s statement comes amid claims that the deal would release billions of dollars in frozen Iran funds.

Posted by Anders Hagstrom

3 hours ago

Israeli opposition leader demands Netanyahu ‘step off the stage’ after Iran peace deal goes through

Israeli opposition leader Yair Lapid called for Israeli Prime Minister Benjamin Netanyahu to resign on Monday after blasting him for allowing the U.S.-Iran peace deal to move forwrd.

Lapid argued Netanyahu mishandled diplomacy with the U.S., resulting in a deal that doesn’t benefit Israel.

“The State of Israel won the battle, Netanyahu lost the war. The Israel Defense Forces fulfilled its missions, Netanyahu did not deliver the goods. He collapsed at the moment of truth,” Lapid said in a statement on X.

“If, in the midst of the war, you drive the President of the United States crazy with your pardon issues, don’t be surprised if he turns on you the moment your interests conflict. That’s what he understood from you and heard from you—that everything is about interests and you’re not there for the right reasons,” he continued.

“On October 7, 2023, we learned that Netanyahu can no longer protect the security and lives of Israeli citizens. On June 15, 2026, we learned that he can no longer conduct a diplomatic campaign. It’s time for a different government; it’s time for him to step off the stage,” he added.

Posted by Anders Hagstrom

3 hours ago

Trump declares vessels ‘loaded up with oil’ are now transiting Strait of Hormuz

President Donald Trump declared that ships are “starting to move” through the Strait of Hormuz on Monday.

Trump made the statement in a post on his Truth Social account, saying the vessels are “loaded up with oil.”

“Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern ‘Highway,’ which is totally safe, secure, and pristine. There are other areas of travel, also!” Trump wrote.

Posted by Anders Hagstrom

4 hours ago

Vance says ‘full text’ of Iran peace deal to be released this week

Vice President JD Vance says the U.S. will release the “full text” of the peace deal with Iran some time this week.

Vance made the statement during a Monday appearance on CBS Mornings, going on to claim that some aspects of the deal have already been misrepresented.

“Sometimes with these agreements, there are some diplomatic protocols, some technical things to work out. But we plan to release the full text this week. We want the American people to see it. But we’ve also seen, of course, some misreporting about what’s actually in the agreement. We’ve seen some accurate reporting about what in the agreement,” Vance said.

Vance says the deal “ensures that Iran will never have a nuclear weapon” in addition to reopening the Strait of Hormuz.

He denied reports that the deal will release billions of dollars of assets to Iran.

“That’s not true,” he said of the reports. “What is true is that Iran will have a much better and much more prosperous future if they meet the obligations they make in this agreement. We’ll of course see that’s one of the things we’re going to work out in the technical talks that will follow the official signing on Friday.”

Posted by Anders Hagstrom

4 hours ago

Macron says French forces ‘ready to take action’ to secure Strait of Hormuz, clear mines

French President Emmanuel Macron says French forces are ready to assist in reopening the Strait of Hormuz on Monday.

Macron made the statement as he prepared to welcome President Donald Trump and other world leaders to the G7 Summit. Macron said his country and other European leaders are “ready to take action very quickly.”

“We already have forces in the area,” including France’s nuclear-powered aircraft carrier, the Charles de Gaulle, Macron said in an interview Monday on French television TF1.

“We are ready to take action very quickly … to send aircraft, deploy a frigate, send mine-clearing vessels. We also have our aircraft carrier, the Charles de Gaulle, along with its accompanying strike group, which remains in the region and could be deployed within two or three days following confirmation” of the deal, he said.

The Associated Press contributed to this report.

Posted by Anders Hagstrom

5 hours ago

Trump heads to G7 with Iran deal momentum, trade fights waiting

President Donald Trump traveled to France for the G7 summit after announcing a deal with Iran, setting up high-stakes meetings Monday with world leaders over the Middle East, trade, Ukraine and artificial intelligence.

Trump jetted off to Évian-les-Bains following the UFC Freedom Fight that took place on the South Lawn at the White House Sunday.

President Trump will be joined by Secretary of State Marco Rubio and a U.S. delegation as leaders from France, the United Kingdom, Canada, Germany, Italy, Japan and the European Union gather from Monday through Wednesday as part of the annual meeting. Discussions are expected to focus on trade, artificial intelligence, supply chain resilience, critical minerals, and illegal immigration.

“President Trump has effectively restored America’s standing on the world stage and strengthened relationships abroad and the president looks forward to a productive G7 summit on shared issues of importance next week,” said a senior administration officials during a call with reporters Saturday.

Trump’s trip to Europe follows his announcement on Sunday that the U.S. and Iran had finalized a memorandum of understanding (MOU) to end the war following months of negotiations.

“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow,” Trump wrote on Truth Social.

European leaders backed the announcement, including the leaders of France, Germany, Italy and the United Kingdom saying in a joint statement on Sunday: “We are prepared to lift relevant sanctions in response to clear, verifiable steps by Iran on its nuclear program.”

This is an excerpt from an article by Fox News’ Ashley DiMella.

Posted by Anders Hagstrom