Last UpdateJune 22, 2026, 10:00 PM EDT
President Donald Trump said he will do “what I have to do” if Iran fails to honor a new 60-day roadmap agreement as Tehran’s top negotiator credits Lake Lucerne Summit for preventing more bloodshed in Lebanon.
Covered by: Stephen Sorace, Landon Mion and Emma Bussey
WHAT TO KNOW
- Vice President JD Vance on Monday said Iran agreed to invite International Atomic Energy Agency (IAEA) inspectors back into the country in what he called a “major milestone for the American people.”
- Vance said two other goal achieved through the high-level talks were establishing a mechanism to keep the Strait of Hormuz open, and steps toward establishing communication channels to quickly address flareups in the region before the violence escalates.
- Vance also said that U.S., Iranian, Qatari and Pakistani officials made significant progress establishing the way forward for technical talks to continue in the weeks to come.
- First day of discussions in Switzerland on Sunday produced a 60-day roadmap toward a broader agreement and established mechanisms addressing the Strait of Hormuzand the conflict in Lebanon.
- Mediators Qatar and Pakistan hailed what they called “encouraging progress” made during the negotiations as further technical talks are expected to continue this week.
- Iranian Parliament Speaker Mohammad-Bagher Ghalibaf and Foreign Minister Abbas Araghchi left Tehran for Muscat for futher talks with Oman’s Sultan Haitham bin Tariq.
- President Donald Trump said that the United States maintains control of the Strait of Hormuz and suggested the blockade could be reinstated within 30 minutes if needed.
- Prime Minister Benjamin Netanyahu confirmed that the IDF would remain in the security zone in southern Lebanon.
- President Donald Trump warned that he would take whatever action he deems necessary if Iran fails to uphold its commitment to a 60-day roadmap agreement.
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11 hours ago
PINNED
Trump issues warning to Iran: ‘I’ll do what I have to do’ if regime ‘doesn’t live up to’ deal
President Trump / AP Photo / Evan Vucci
President Donald Trump on Monday warned that he would take whatever action he deems necessary if Iran fails to uphold its commitments amid a new 60-day roadmap agreement after talks in Switzerland.
“If Iran doesn’t live up to their agreement, or if they’re not behaving, I will do what I have to do,” Trump told reporters in the Oval Office.
The results of the latest negociations include measures to prevent incidents and miscommunication in the Strait of Hormuz, as well as the creation of a “deconfliction cell” to help enforce the U.S.-Iran ceasefire agreement across all fronts, including Lebanon.
Vice President JD Vance also said Monday that Tehran agreed to invite International Atomic Energy Agency (IAEA) inspectors into the country.
Posted by Emma Bussey
8 hours ago
Trump to meet defense contractors as Pentagon asks Congress for $80B for Iran war
Congress / Bill Clark / CQ-Roll Call, Inc via Getty Images
The Pentagon has asked Congress for roughly $80 billion in funding to cover the cost of the U.S. war against Iran, multiple sources told Fox News on Monday.
Deputy Secretary of War Stephen Feinberg had recently informed congressional leaders that the Pentagon will require “about $80 billion” in additional funds to pay for the conflict, multiple congressional sources told Fox News National Security Correspondent Jennifer Griffin.
The estimate is significantly higher than the $29 billion figure Pentagon officials, including Secretary of War Pete Hegseth and the department’s comptroller, recently cited during testimony before Congress.
Many lawmakers and defense experts viewed that earlier estimate as a substantial understatement of the war’s true cost, particularly given the large number of SM-3, Patriot, THAAD and Tomahawk missiles expended during operations against Iran, Griffin reported.
Sources also told Fox News that President Donald Trump is expected to meet with major defense contractors on Wednesday to urge them to accelerate production of missile systems and replenish depleted U.S. stockpiles.
“The contractors have already indicated that without Congress appropriating additional funds, the Pentagon cannot sign contracts and defense companies cannot begin production on speculation,” one source said.
“They need contracts,” the source added.
Hegseth was on Capitol Hill last week to discuss both the Iran conflict and the defense budget, but reportedly declined requests to meet with Democratic lawmakers.
The issue of war-related costs likely surfaced during those discussions as well. The Wall Street Journalfirst reported the $80 billion requirement.
Posted by Emma Bussey
8 hours ago
Oman hosts Iran for talks on Strait of Hormuz navigation, US deal
Oman and Iran reaffirmed their commitment to international law and toll-free, safe passage through the Strait of Hormuz amid talks in Muscat on Monday, according to Omani Foreign Minister Badr Albusaidi.
The stability and freedom of navigation of the Strait of Hormuz is a key component of the new U.S.-Iran memorandum of understanding (MOU).
“Welcomed Iran’s Speaker of Parliament HE Dr. Ghalibaf and FM Dr. Araghchi in Muscat this evening” Albusaidi said in a post shared on X.
“Constructive discussions on the recent Iran-USMOU, especially the Strait of Hormuz paragraph,” he added.
“We affirmed commitment to international law and toll-free safe passage,” he said.
Posted by Emma Bussey
9 hours ago
Oil rebounds after sharp selloff, markets watch Strait of Hormuz shipping flows
Hormuz / Farzad Frames / Getty Images
Oil prices rebounded on Tuesday after a decline in the previous session, Reuters reported.
The change was supported by positivity over the U.S.-Iran peace talks in Switzerland and as investors waited for signs of progress in restoring crude flow through the Strait of Hormuz.
Brent crude futures gained 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate crude rose 33 cents, or 0.46%, to $74.19 a barrel as of 12:26 a.m. GMT.
The recovery followed a selloff of more than 3% on Monday after the U.S. Treasury granted Iran a 60-day sanctions waiver following initial peace talks.
Prices were also pressured after officials reported reduced hostilities in Lebanon.
Posted by Emma Bussey
9 hours ago
Waltz says Iran’s move to readmit nuclear inspectors is just the beginning
U.S. Ambassador to the United Nations Mike Waltzconfirmed Monday that Iran is allowing nuclear inspectors back into the country, calling it the first step in a broader process.
“This is the beginning of a process. And even after the first round, we have Iran now allowing inspectors back in,” Waltz said on “The Ingraham Angle.”
Waltz contrasted the framework with former President Barack Obama’s Joint Comprehensive Plan of Action (JCPOA), arguing that Iran had too much control over inspections under the previous agreement.
“The other flaw from Obama’s Iran deal was that the inspectors — Iran got to dictate where the inspectors went,” he said.
“It’s like a criminal dictating when the parole officer comes in. And I have every confidence that this team will drive any time, anywhere inspections.”
He also emphasized that the memorandum of understanding remains a framework rather than a final agreement.
“This is an MOU with just 14 points, the details of which — whether it’s where the inspectors can go, when they can go and under what circumstances, or how we control these frozen funds — are being negotiated right now as we speak,” Waltz said.
“A lot of these details are going to be worked out in those technical talks,” he added.
“At the end of the day, President Trump drives a hard bargain,” Waltz said. “What we never had before was the credible threat of military force to back up our diplomacy.”
Posted by Emma Bussey
10 hours ago
Iran reinstates Hormuz transit permits, maritime firm warns next 48 hours decisive
Iran had reinstated transit permit requirements for vessels passing through the Strait of Hormuz maritime intelligence firm Windward said Monday, warning the next 24 to 48 hours may be critical in determining whether commercial shipping stays unaffected.
“Iran reinstated the Strait of Hormuz transit permit requirement on 21 June. Twelve hours later, commercial traffic was still moving,” the firm said on X.
Windward reported that four outbound tankers assessed to be carrying Iranian crude continued transiting the strait.
Three were operating “dark” with their tracking systems disabled, while one was designated by the Treasury Department’s Office of Foreign Assets Control under the U.S. sanctions program targeting Iran.
Hormuz / Reuters
The firm also identified two inbound liquefied natural gas carriers, including one vessel that continued broadcasting its Automatic Identification System, or AIS, signal despite the renewed permit requirement.
Windward further noted “a cluster of more than 30 high-speed craft moving northwest,” activity it said was consistent with Islamic Revolutionary Guard Corps Navy operations observed since mid-May.
“The next 24-48 hours will be decisive,” the firm said.
“If neutral commercial traffic continues to transit, the renewed permit requirement has had limited operational impact,” Windward added.
Posted by Emma Bussey
10 hours ago
Iran signals management of Strait of Hormuz after Lake Lucerne Summit
Hormuz / AP Photo
Iranian Parliament Speaker and lead negotiator Mohammad Bagher Ghalibaf said Monday that Tehran intends to manage the Strait of Hormuz in accordance with international law, the Associated Press reported.
Speaking to Iranian state media on the flight back to Tehran after talks with the U.S. delegation in Switzerland, Ghalibaf said, “Hopefully we can activate the strait again, in terms of passage, and bring prosperity back to the regional and global economy.”
His comments followed two days of negotiations in where mediators said both sides agreed to establish a communication channel aimed at preventing incidents and miscommunications in the Strait of Hormuz and ensuring safe passage.
President Donald Trump, meanwhile, declared Monday that the United States maintains “total control” of the strait and suggested any blockade could be reimposed within minutes if needed.
Posted by Emma Bussey
