West Asia LIVE: Trump may release U.S.-Iran agreement before Friday, Vance says

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The deal follows weeks of fraught negotiations and threats of renewed hostilities, but key details remain unclear.

Updated - June 16, 2026 08:36 am IST

U.S. Vice President J.D. Vance. File

| Photo Credit:

Reuters

June 16, 2026 08:36

Most stocks rise, oil flat following peace deal-fuelled rally

Equities mostly rose on Tuesday (June 16, 2026) and oil prices held losses following the previous day’s euphoric rally sparked by the U.S.-Iran peace deal that will reopen the crucial Strait of Hormuz.

U.S. President Donald said ships were again moving through the strait and it would be “completely open” by Friday (June 19, 2026), while Iranian media said three oil tankers and two cargo ships had passed through the area that had been subject to a U.S. naval blockade.

- AFP

June 16, 2026 08:11

Iran agrees to never have a nuclear weapon: Trump

U.S. President Donald Trump, on Monday (June 15, 2026), said that Iran has agreed to never have a nuclear weapon.

“Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the [Democrats],” he posted on Truth Social.

June 16, 2026 08:04

U.S. says Hormuz to be toll-free under Iran deal

The United States said on Monday (June 15, 2026) that ships will move toll-free through the Strait of Hormuz under an Iran peace deal signed by President Donald Trump, and insisted Tehran would have to fulfill its commitments before getting any economic benefits.

They included a possible $300 billion reconstruction fund for the war-battered country, but the release of funds will be “tied to performance,” a senior Trump administration official said in a call with reporters.

But Mr. Vance admitted the brief outline deal kicks the thorniest issues -- especially Iran’s nuclear program -- down the road. “The MoU is about a page and a half, so it is a very general document,” Mr. Vance told CNN.

- AFP

June 16, 2026 07:37

All 20 Indian crew members of MT Jalveer safely return home: Indian mission

All 20 Indian crew members of MT Jalveer, who were evacuated after their vessel came under attack off an Oman port, have now safely returned home, the Indian mission in Muscat said on Monday (June 16, 2026).

- PTI

Read more here

June 16, 2026 07:10

Limited traffic through Hormuz, despite Trump’s announcement

Announcing the peace deal with Iran, U.S. President Donald Trump said he had authorised the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade. He later indicated that ships were already moving along the route close to Oman.

- M. Kalyanaraman

Read more here

June 16, 2026 07:07

Trump’s Iran deal greeted with skepticism and scrutiny on Capitol Hill

Republicans on Capitol Hill said on Monday (June 15, 2026) they need more information about the agreement between the United States and Iran announced by President Donald Trump, and some are expressing skepticism as they ask the White House for details.

“I just don’t know enough about it,” Senate Majority Leader John Thune, R-S.D., told reporters in the Capitol. “Even the people who follow this stuff closely up here don’t know that much about it.”

Congressional leaders and intelligence committees generally receive higher-level intelligence briefings before rank-and-file members, and they are notified of major developments before they are announced. But Mr. Thune said he had not been personally briefed on the deal.

- AP

June 16, 2026 07:06

Oil rebounds on concerns about U.S.-Iran peace deal, restoration of supply

Oil prices rebounded on Tuesday (June 16, 2026) on concerns about the lack of details in a preliminary agreement ending the war between the U.S. and Iran and the realization the resumption of ‌supply through the key Strait of Hormuz may take longer than thought.

Brent crude futures gained 26 cents, ⁠or 0.3%, to $83.42 a barrel and U.S. West Texas Intermediate rose to $81.12 a barrel, up 46 cents, or 0.3%, as of 0108 ‌GMT.

On Monday (June 15, 2026), oil prices fell by nearly 5% to their lowest close since March 4 after U.S. ‌President Donald Trump said a memorandum of understanding was signed ‌to ⁠end the U.S.-Israeli war with Iran.

- Reuters

June 16, 2026 07:04

Trump may release U.S.-Iran agreement before Friday, Vance says

U.S. ‌Vice President J.D. Vance told ⁠Fox News on ‌Monday (June 15, 2026) that ‌U.S. ‌President ⁠Donald Trump ⁠may decide to release Washington’s ‌agreement with Tehran before Friday (June 19, 2026).

The agreement, ‌which was electronically signed by ⁠leaders in the U.S. ‌and Iran, is expected to ‌be signed in person on ⁠Friday (June 19, 2026).

- Reuters

June 16, 2026 06:59

Vance to lead U.S. team to ink Iran peace deal in Switzerland: Trump

Both Mr. Trump and Mr. Vance have electronically signed the framework agreement with Iran’s lead negotiator Mohammad Bagher Ghalibaf, according to a senior U.S. official quoted by The New York Times.

Vance to lead U.S. team to ink Iran peace deal in Switzerland: Trump

Vice President J.D. Vance will sign a historic U.S.-Iran peace deal in Switzerland on June 16, 2026.

June 16, 2026 06:58

In Focus podcast | Can the new U.S.-Iran deal hold?

After 100 days of conflict, the U.S. and Iran have agreed to a memorandum of understanding aimed at ending the war. But can the deal hold? We unpack the reported 14-point framework, ceasefire provisions, sanctions relief, nuclear commitments, the role of Pakistan and Qatar in mediation, Israel’s response, and the challenges that could derail the agreement during the crucial 60-day negotiation period ahead.

In Focus podcast | Can the new U.S.-Iran deal hold?

In this episode, Stanly Johny speaks to us about the U.S.–Iran deal, the role of regional mediators, and the prospects for lasting peace.

Published - June 16, 2026 07:00 am IST

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