3 min readUpdated: Jun 16, 2026 09:48 AM IST

No immediate sanctions relief: US President Donald Trump, speaking at the G7 summit in Évian-les-Bains, warned that Iran will not receive sanctions relief until it fulfils its commitments under the newly signed agreement with Washington. Trump also said the text of the agreement would be released sometime after Friday. A senior US official earlier said the memorandum of understanding between US and Iran has been signed by Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf, according to reports by Reuters and CNN.

Iran-Oman to charge fees: Tehran has signalled that vessels using the Strait of Hormuz could be required to pay fees. Speaking at a press conference, Iranian Foreign Ministry spokesperson Esmaeil Baghaei said the Strait of Hormuz remains a vital national security concern for Iran and that discussions are ongoing with other parties regarding future procedures governing maritime transit.

Israel to continue operation despite draft deal: Israeli Defence Minister Israel Katz said Israel’s military will remain in security zones in Lebanon, Syria and Gaza “without any time limit” to protect border communities from what he called “jihadist elements”.

US-Iran reach a deal, says Trump: US President Donald Trump announced that the US and Iran had reached a deal, saying Washington would lift its naval blockade of Iran. “The deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump posted on Truth Social. Iranian state TV claimed Tehran had forced the US to accept the agreement.

Key updates on the US-Iran agreement:

  • Trump says no sanctions relief for Iran until it does what it is ‘supposed to do’
  • Iranian Presdient Pezeshkian calls US-Iran framework an ‘honourable document’ for Tehran
  • US official says Israel retains ‘right to defend itself’ against Hezbollah attacks
  • First Indian LNG carrier Disha transits Strait of Hormuz since peace deal
  • Pakistan will witness the US-Iran deal signing ceremony in Switzerland on Friday 19th June
  • Prime Minister Narendra Modi welcomed the peace deal, saying he hopes its implementation will help restore peace and stability in West Asia.
  • rump says a deal with Iran is “now complete” and the US will end its naval blockade in the Strait of Hormuz, saying oil will flow again once the Strait reopens after mine removal.
  • Pakistan’s PM Shehbaz Sharif says the ceasefire is “now in place”.
  • Iran’s deputy FM confirmed the text is finalized and commitments “take effect” starting Friday, per state media. Iran’s army called it a victory, claiming the US and Israel had “no choice but to accept defeat and surrender”.
  • Trump slammed Israel Sunday over a Beirut strike that threatened diplomacy. Iran’s top security official said Lebanon is one of Tehran’s “red lines” in negotiations.

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