Iran-US War Latest: Trump Hopes to Put War in 'Rearview Mirror'
Reports suggest the deal would appear to offer Iran major concessions that would boost its economy.
Quick Look
- A tentative deal between the US and Iran to end their war is nearing finalization, with reports suggesting Iran will receive significant economic concessions, including the immediate resumption of oil sales and waiving of sanctions.
- Israel's government was denied access to the memorandum of understanding, raising concerns among allies.
AI-generated summary
Why It Matters
A tentative peace agreement between the US and Iran is set to be signed, potentially ending a regional war and easing sanctions on Iran's oil sales. However, tensions remain with Israel and ongoing strikes in Lebanon.
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Liveupdated
Iran-US war latest: Trump hopes to put war in ‘rearview mirror’ and says Strait of Hormuz will stay toll-free
Reports suggest the deal would appear to offer Iran major concessions that would boost its economy
The Israeli government requested to see the memorandum of understanding between the US and Iran and was denied, Israeli media has said.
Permission to view the document was denied because Donald Trump feared his Israeli counterpart Benjamin Netanyahu would leak it before its official release, CNN reported.
Israel’s i24 news outlet described it as a “remarkable and highly unusual development between close allies on an issue of such critical national security importance”.
The peace agreement struck between Donald Trump and Iran will allow Tehran to immediately resume selling its oil, in what would appear to be a major concession from Washington.
The provision for waiving sanctions on Iranian oil sales would take effect once the agreement is signed later this week in an economic boost for Tehran.
It also covers services including banking, transportation and insurance to facilitate the sales, the newspaper reported.
Earlier on Tuesday, Trump warned that “all hell will rain down” on Iran if the regime does try to obtain nuclear weapons.
In comments to reporters at the G7 summit in France, Trump said the preliminary deal as it stands “says it loud and clear: they’re not going to develop it”.
Watch: Trump vows to read Iran deal to the media 'word by word'
Rachel Dobkin17 June 2026 05:00
Israeli strikes kill 4 in Lebanon despite Trump's criticism
Israeli drone strikes targeted three vehicles in southern Lebanon, killing at least four people and wounding others, even as Donald Trump berated Benjamin Netanyahu for his attacks on Lebanon.
Two people were killed in a double-tap strike, with a drone hitting a car in the village of Mayfadoun followed by a second strike after people had gathered at the scene, Lebanon's National News Agency reported.
Another drone strike on the town of Shoukin killed two other people, the agency said.
Fighting in Lebanon between Israel and Iran-backed Hezbollah has eased but has not completely stopped following the announcement of an interim peace deal between the United States and Iran on Monday.
Alisha Rahaman Sarkar17 June 2026 04:55
Canada says US-Iran deal 'game changer'
Canadian prime minister Mark Carney has said that the US-Iran peace deal is a “game changer" and that Ottawa supports efforts to implement the truce.
“We’re very pleased with the deal that’s been struck. It sets the groundwork to ensure Iran doesn’t have a nuclear weapon, and could also enable a reintegration over time of the economies in the region as well as progress toward a settlement in Lebanon," Carney told CNN.
The prime minister said he had seen the agreement and was “absolutely” supportive of it. The text of the deal has not been made public by the Trump administration.
Alisha Rahaman Sarkar17 June 2026 04:45
Oil prices stabilise below $80 a barrel
Oil prices edged higher in early trade this morning, clawing back some of the previous session's losses, as investors assessed whether the Iran war will truly end and the Strait of Hormuz reopen.
Brent crude futures gained 47 cents, or 0.6 per cent, to $79.43 a barrel, while US West Texas Intermediate rose to $76.53 a barrel, up 48 cents, or 0.6 per cent.
Both benchmarks fell about 5 per cent for a second straight session yesterday to three-month lows on hopes a U.S.-Iran deal would allow oil flows through the Strait.
Alisha Rahaman Sarkar17 June 2026 04:27
Iran will get certain benefits 'if they behave': JD Vance
US Vice President JD Vance has said Iran will get certain benefits “if they behave.”
“There are all of these benefits contemplated that the Iranians can get if they behave.
“If they stop developing terrorism, if they stop funding terrorism, if they stop supporting the rebuilding of the nuclear arms program, they actually can get some real benefits”, Vance told Fox News Tuesday evening, local time.
“If they don’t do any of that stuff, they don’t get anything”, he added.
Rachel Dobkin17 June 2026 04:01
Trump looks awkward in bizarre aerial photo of grinning G7 leaders
US president Donald Trump looked awkward in a bizarre aerial photo of grinning world leaders at the G7 summit in France.
Trump and other members of the forum are meeting in Évian-les-Bains this week to discuss the wars in Iran and Ukraine, alongside other major international issues from the global economy to AI.
However, the smiles in the unusual drone-style shot were shared by the French hosts with the rather cheery caption “Bienvenue à Évian!”(Welcome to Evian!) on social media.
Trump looks awkward in bizarre aerial photo of grinning G7 world leaders
The drone-style shot was shared by the French hosts of the event with a cheery caption, despite the heavyweight issues under discussion at the summit
James Reynolds17 June 2026 03:00
Iran claim they were forced to leave US minutes after World Cup opener
Iran have claimed they were forced out of the United States just minutes after their opener with New Zealand concluded, saying his team are the “most oppressed” at the World Cup.
The team’s build-up to the finals has been profoundly impacted by the conflict between Iran and the United States. The squad was forced to move their training camp to Mexico, with the Trump administration only allowing them into the country on matchdays.
They opened their World Cup with a 2-2 draw against New Zealand, roared on by a passionate Iranian-American crowd.
Iran claim they were forced to leave US minutes after World Cup opener
Iran were told to leave the US ‘immediately’ after fighting back to draw with New Zealand
James Reynolds17 June 2026 02:00
Iran war may be ending but experts warn price pain is far from done
A tentative deal to end the Iran war has sparked immediate questions about how quickly consumers might see relief from soaring prices on everything from gasoline to groceries and airline tickets. However, experts caution that any significant drop in costs is unlikely to materialize swiftly.
Even as oil begins to flow again from the Middle East, economists and industry analysts predict a considerable delay before the effects are felt at fuel pumps, supermarkets, and other retail outlets.
"It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off," said Brett House, an economist at Columbia Business School.
Read the full story:
Iran war may be ending but experts warn price pain is far from done
People around the world may be wondering how soon prices will drop for gasoline, groceries, flights and other items that got more expensive during the Iran war
James Reynolds17 June 2026 01:00
Analysis: Trump has achieved none of his aims in Iran. His ‘ceasefire’ can’t work and won’t work
Donald Trump has trumpeted his ceasefire as a diplomatic breakthrough but it is a juvenile fantasy which won’t last, writes world affairs editor Sam Kiley:
Trump has achieved none of his aims in Iran. His ceasefire can’t work and won’t work
Donald Trump has trumpeted his ceasefire as a diplomatic breakthrough but it is a juvenile fantasy which won’t last, writes world affairs editor Sam Kiley
James Reynolds17 June 2026 00:00
Pope Leo thanks God for deal to end US-Iran war
Pope Leo has praised the interim deal between the US and Iran to end the regional war in the Middle East, saying "thanks be to God" that the two powers are set to formalize their accord on Friday.
Leo, who drew the ire of US president Donald Trump after criticising the Iran war, said he hoped the deal will end the conflict for good.
"There will still be several points to settle, but it is always better to do so through dialogue, through negotiations, and not by returning to war," the first U.S. pope told journalists outside his residence in Castel Gandolfo, Italy.
"I hope that it truly is a solution to the war, that the war really is over, and that we can move forward," he said.
Alex Croft16 June 2026 23:29
What to Watch
AI outlook — possibilities, not facts
The US-Iran deal will face significant challenges from Israel.
Likely · Within weeks
Consumer prices will not see immediate relief despite the deal.
Likely · Within months
Open Questions
- Will Israel accept the terms of the deal?
- How quickly will sanctions relief impact Iran's economy?
- Will the conflict in Lebanon fully cease?






