White House: Trump signed initial peace agreement with Iran

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Iran-US war latest: White House says Trump has already signed initial peace agreement with Tehran

The US president told the G7 that he would ‘go back to bombing’ if a full agreement was not struck within 60 days

Donald Trump has already signed the initial peace agreement with Tehran, the White House has siad.

The details of the US memorandum of understanding with Iran were earlier released by US officials, as Trump delivered a long-winded speech in which he claimed to have saved the world from “economic catastrophe”.

Details of the 14 point plan, which includes reopening the Strait of Hormuz, ending the wars in Iran and Lebanon, and a $300 bn reconstruction fund for Tehran, had been leaked by several media outlets earlier in the day.

In a speech to the G7, as the details were being revealed, president Donald Trump has said that the world would have been plunged into “economic catastrophe” if he did not strike a peace agreement with Iran.

The US president said that if the war had kept going, then a sharp economic downturn “could have happened” due to the oil price shock created by the closing of the Strait of Hormuz.

“All I know is every time we talked about the possibility of peace, the stock market shot up like a rocket ship. It never went down. They didn’t like it,” he said.

Meanwhile, Israel reportedly struck targets in southern Lebanon again on Wednesday, brushing off warnings from Trump and threatening to derail the US peace process with Iran.

Trump's Iran deal sets tone for talks

G7 chiefs on Wednesday welcomed the preliminary agreement between the United States and Iran and said they were ready to help implement it.

They said they would make efforts to diversify energy supply routes to reduce dependence on the Strait of Hormuz, which Iran has blocked for most of the duration of its war with the US.

Trump cautioned today that the memorandum of understanding with Iran was not final, and that he could resume a bombing campaign if it was not honoured.

“If I don't like it, if they don't behave, we'll go right back to dropping bombs right smack in the middle of their head, OK?” he said.

Although European allies appeared supportive of the preliminary memorandum in public, diplomats cautioned that getting a lasting deal on Iran's nuclear and ballistic missile programme as well as its support for proxy forces in the Middle East is no small challenge.

James Reynolds17 June 2026 23:00

Watch: Trump jokes he'll blame Vance if Iran deal doesn't work out

Alex Croft17 June 2026 22:39

Alex Croft17 June 2026 22:21

No talks to establish Israeli military base in Somaliland, defence minister says

There is no Israeli military presence in Somaliland and no talks for Israel to open a base there, Somaliland's Defence Minister Mohamed Yusef Ali told Reuters on Wednesday.

Speaking on the sidelines of a business conference in Tel Aviv, he said Israel was training Somaliland's military and police, but called reports that Israel was in negotiations to establish a military base in Somaliland "rumours".

Israel recognised Somaliland as ​an independent state last December, a move Somalia ​rejected and termed a "deliberate attack" on its sovereignty.

James Reynolds17 June 2026 22:00

Trump says 'nobody' attacked Iran girls' school on purpose

We earlier hears from US president Donald Trump, who gave a rambling speech to the G7 on Wednesday.

He was asked by one reporter about the strike on a girls’ school in February which killed more than 150 people, most of whom were schoolgirls.

“Nobody" purposefully attacked a girls' school in Iran in February, he said, citing an investigation into the incident.

"That's under investigation," Trump said at a press conference on the sidelines of the Group of Seven conference in Evian-les-Bains, France, adding that mistakes are made in war. "Nobody did that on purpose."

Alex Croft17 June 2026 21:41

Vessel fired at by small boat near Yemeni coast - UKMTO

The United Kingdom Maritime Trade Operations (UKMTO) said on Wednesday that it had received a report of an incident 105 nautical miles northeast of Yemen's Aden, adding that the crew were safe.

"A vessel has been approached to within 4 meters and fired upon by 2 skiffs with an unknown number of armed persons on board.

“The vessel has deployed security team and returned fire. The suspect vessels have now disengaged", UKMTO said.

Alex Croft17 June 2026 21:20

Doubts emerge from within Trump’s own team after president celebrates Iran deal

Even key members of Donald Trump’s administration have cast doubt over his peace deal with Iran and think Tehran won’t stick to its side of the bargain, according to a new report.

On Sunday, the president ceremoniously announced that a deal with the Islamic Republic had been reached and that the beleaguered Strait of Hormuz would be re-opened. “Ships of the World, start your engines. Let the oil flow!” he wrote in a Truth Social post on his 80th birthday.

Despite the announcement, a report suggests that some the closest members of Trump’s top team, including secretary of state Marco Rubio, hawkish defense secretary Pete Hegseth and CIA director John Ratcliffe, have expressed concerns about the arrangement.

Read the full story:

From Hegseth to Rubio, even Trump’s top team doubts Iran deal, report says

Donald Trump announced a long-awaited deal aimed at ending the U.S.-Iran war this week - but concerns have already been raised about its fragility

James Reynolds17 June 2026 21:00

Senior US official says both sides can still walk away from deal

A senior US official read out the text of a signed agreement with Iran on Wednesday.

You can read that draft document here.

But the official said that the parties can walk away until a binding deal is reached

Alex Croft17 June 2026 20:40

Trump says sanctions will be removed once Iran 'behaves'

Donald Trump on Wednesday suggested that sanctions on Iran would be removed once "they behave."

"As far as sanctions are concerned, at some point, you know, we have sanctions which will never let them rebuild. They would have no money, they would be in poverty, the 91 million people would starve, so something will happen as soon as they behave. When they behave, we're going to let that go. We're going to have to. I put sanctions on a lot of people, and then I let them go," Trump told reporters.

He also suggested that frozen funds could be returned.

"We have taken their money, it's not our money, it's their money, and we froze it. At a certain point in time I guess we're going to have to give it back," Trump said. "If we didn't give it back, nobody would ever invest in the dollar again."

Alex Croft17 June 2026 20:19

James Reynolds17 June 2026 20:00