West Asia LIVE: Trump, Iran’s President sign deal to end West Asia war

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Pakistan says that the deal to end the war in Iran is taking immediate effect' after both sides have signed it

Updated - June 18, 2026 07:20 am IST

U.S. President Donald Trump signs Memorandum of Understanding between Iran and the U.S. in Versailles. Photo Credit: X@EmmanuelMacron

U.S. President Donald Trump and Iran’s President signed a deal on Wednesday (June 17, 2026) meant to end the West Asia war, with Tehran agreeing to dilute its enriched uranium in return for large-scale economic relief. Mr. Trump put his signature to the memorandum of understanding during dinner with French President Emmanuel Macron at the Palace of Versailles following a G7 summit, a U.S. official told AFP.

Also Read | Text of U.S.-Iran memorandum of understanding released by U.S.

Oil prices fell in early trading on Thursday (June 18) after the U.S. and Iran signed an interim agreement that would end the Iran war. Brent crude futures were down 89 cents, or 1.12%, at $78.66 a barrel as of 0005 GMT, ‌and U.S. West Texas Intermediate fell 98 cents, or 1.28%, to $75.81 a barrel. The benchmarks resumed their ‌decline, reversing gains made on Wednesday after U.S. ‌President ⁠Donald Trump said he could resume his bombing campaign ⁠if Iran’s leaders “don’t behave”.

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June 18, 2026 07:20

Oil slips again as U.S., Iran sign peace deal

Oil prices fell in early trading on Thursday (June 18) after the U.S. and Iran signed an interim agreement that would end the Iran war, ‌reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, resolving the largest energy ⁠supply disruption in history.

Brent crude futures were down 89 cents, or 1.12%, at $78.66 a barrel as of 0005 GMT, ‌and U.S. West Texas Intermediate fell 98 cents, or 1.28%, to $75.81 a barrel.

The benchmarks resumed their ‌decline, reversing gains made on Wednesday after U.S. ‌President ⁠Donald Trump said he could resume his bombing campaign ⁠if Iran’s leaders “don’t behave”.

-Reuters

June 18, 2026 07:15

Peace deal: Cautious Indian shipowners seek govt. help

Though the announcement of the U.S.–Iran peace agreement has been welcomed as good news, Indian shipowners were cautious, just like international shipping companies. “It’s too early to say anything. We have to wait for the agreement to be signed, and then clarity has to emerge on the terms and conditions,” says Anil Develi, CEO of Indian National Shipowners Association, adding uncertainty continues.

Mr. Devli said if things go well, it would take another 30 to 60 days for full normalcy. “We hope and expect the government to facilitate getting the vessels back,” he said.

Read the story here

Peace deal: Cautious Indian shipowners seek govt. help

Indian shipowners seek government support amid cautious optimism following the U.S.-Iran peace deal, as uncertainties persist.

June 18, 2026 07:13

Text of U.S.-Iran memorandum of understanding released by U.S.

“The United States of America and Islamic Republic of Iran have jointly agreed in good faith on (a date yet to be determined, the official said), on the following:

“Paragraph 1 - The United States of America and the Islamic Republic of Iran and their allies in the current war, by signing this MOU, declare an immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon. The final deal will confirm the permanent termination of the war on all fronts, including in Lebanon, and other provisions of this paragraph.

Read the full text here

Text of U.S.-Iran memorandum of understanding released by U.S.

The U.S.-Iran memorandum outlines commitments for peace, military de-escalation, and economic cooperation between the two nations.

June 18, 2026 07:05

Trump, Iran’s President sign deal to end West Asia war

Mr. Trump put his signature to the memorandum of understanding during dinner with French President Emmanuel Macron at the Palace of Versailles following a G7 summit, a U.S. official told AFP.

Iranian Foreign Ministry spokesman Esmaeil Baqaei, quoted by the state news agency IRNA, said the document “was finalized with the signatures of the Presidents.”

Read the story here

Trump, Iran’s President sign deal to end West Asia war

The U.S. and Iran confirm a signed deal to end the West Asia war, finalized during a G7 summit.

Published - June 18, 2026 07:10 am IST

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