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US-Iran Deal Leaves Key Issues Unresolved

The newly announced memorandum of understanding between the United States and Iran has officially taken effect, marking a significant diplomatic step after months of conflict. However, while the agreement restores shipping access through the Strait of Hormuz, many of the most difficult issues remain unresolved and will be the focus of intensive negotiations over the next 60 days. Speaking at the G7 summit in France, US President Donald Trump described the deal as a major achievement and presented it as a breakthrough that could pave the way for a broader peace agreement between Washington and Tehran. Both governments later confirmed that the memorandum had been signed electronically and was now active. Despite the optimism surrounding the announcement, details released by US officials suggest that substantial differences remain between the two sides. One of the central goals of the Trump administration […]

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US and Iran Sign Initial Peace Agreement

The United States and Iran have signed a preliminary peace agreement designed to bring an end to the ongoing conflict, with key provisions taking effect immediately. The deal includes the reopening of the Strait of Hormuz, a proposed $300 billion reconstruction framework for Iran, and a commitment by Washington to begin lifting all categories of sanctions imposed on Tehran. However, negotiations over Iran’s nuclear programme — a central issue behind the conflict — will continue for an initial 60-day period, with the option of extending talks if both sides agree. US President Donald Trump signed the memorandum during the G7 summit in France, describing the agreement as a necessary step to prevent severe global economic disruption. While expressing optimism about the process, Trump warned that military action could resume if the two sides fail to reach a final settlement. Iranian […]

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US Iran peace deal to be signed Sunday as Hormuz reopens

US President Donald Trump has announced that a deal between the United States and Iran is set to be finalized on Sunday, and that the Strait of Hormuz will reopen right after the agreement is signed. Pakistan, which has been mediating the talks, said a final agreed-upon text of a US-Iran peace deal has been reached, with only next steps needing clarification. The deal is expected to reopen the Strait of Hormuz, extend the current ceasefire, and begin negotiations on Iran's nuclear programme. Under the terms of the proposed deal, the Strait of Hormuz would reopen to shipping, returning to the situation that existed before the US and Israel launched their recent military action against Iran. The ceasefire is expected to continue for a further 60 days, with conflict ending across multiple fronts including Lebanon. The proposed memorandum of understanding […]

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US and Iran to sign peace deal Sunday as Strait of Hormuz opens

The United States and Iran are close to signing a landmark peace memorandum that could mark a major breakthrough in relations between the two nations. Pakistani Prime Minister Shehbaz Sharif, who has been mediating the talks, announced that a final agreed-upon text of the peace deal has been reached, with only the next steps needing clarification. The deal is expected to be signed on Sunday, June 14, 2026, with Geneva emerging as the most likely venue for the signing. US President Donald Trump has said that a deal between the United States and Iran is scheduled to be signed tomorrow, and that immediately after the agreement is signed, the Strait of Hormuz will be "open to all." The deal is expected to reopen the Strait of Hormuz, extend the current ceasefire, and begin negotiations on Iran's nuclear programme. Under the […]

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US Treasury Sanctions Iran Authorities Overseeing Strait of Hormuz

The United States Treasury has announced new sanctions against Iran’s Persian Gulf Strait Authority, the body created by Tehran to oversee and charge tolls on ships transiting the Strait of Hormuz. The Persian Gulf Strait Authority, launched on May 18, is responsible for approving vessel passage and collecting fees reportedly as high as $2 million per ship, forming part of Iran’s bid to consolidate control over the strategic waterway. The Strait of Hormuz handles a significant share of global oil and gas shipments, and Iran has been enforcing a multi-tiered clearance system for vessels using checkpoints on islands in the Gulf. Under the new measures, the Persian Gulf Strait Authority has been added to the US Specially Designated Nationals (SDN) list, meaning any assets it holds under US jurisdiction are frozen and US persons are barred from dealings with it. […]

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Trump Warns Iran Trade Partners With New Tariff Threat

US President Donald Trump has signed a new executive order warning of additional tariffs on countries that continue commercial relations with Iran, tightening Washington’s economic pressure on Tehran. The order, signed on Friday, authorises the United States to impose import tariffs on goods from any country that “directly or indirectly” purchases Iranian goods or services. While no fixed rate is specified, the document cites 25% as a reference level. The measure could apply broadly to imports entering the US market from countries found to be trading with Iran. Speaking aboard Air Force One on Friday night, Trump did not comment directly on the executive order but reiterated his long-standing position that Iran must not be allowed to develop nuclear weapons. The move comes as diplomatic talks between senior US and Iranian officials continue in Oman, following weeks of escalating rhetoric […]

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