U.S. President Donald Trump and Iran’s President signed a deal on Wednesday (June 17, 2026) meant to finish the West Asia battle, with Tehran agreeing to dilute its enriched uranium in return for large-scale financial aid.
Mr. Trump put his signature to the memorandum of understanding throughout dinner with French President Emmanuel Macron on the Palace of Versailles following a G7 summit, a U.S. official informed AFP.
Iranian Overseas Ministry spokesman Esmaeil Baqaei, quoted by the state information company IRNA, stated the doc “was finalized with the signatures of the Presidents.”
The deal goals to attract a line below the battle launched February 28 by the US and Israel, prompting Iran to counterattack with missile and drone salvos throughout the area— and successfully shutting down the Strait of Hormuz, an important waterway for the world economic system.
“Now it’s time to check the implementation of the settlement,” Mr. Baqaei stated.
Underneath the textual content, Washington commits to instantly waive oil sanctions crippling Iran’s economic system.
And as soon as a closing settlement is reached on the Islamic republic’s nuclear program, the US will even facilitate the discharge of a $300 billion reconstruction fund supported by regional nations, the deal says.
The settlement had earlier been slated for signatures by Iran’s chief negotiator and parliament speaker, Mohammad Bagher Ghalibaf, and U.S. Vice President J.D. Vance. Iran stated an in-person ceremony was now not wanted.
‘Nice victory’
Iran insisted the deal represented a U..S “failure.”
“Folks will see it and decide,” Mr. Ghalibaf stated on state tv late on Wednesday, after the textual content was launched by each side.
Highlighting the worldwide affect of any deal, China stated on Wednesday that its prime diplomat had impressed on Tehran that it was “key” for all sides to “genuinely implement” their commitments.
However Mr. Trump’s determination to drag the plug on the battle, by which 13 U.S. service members have been killed and huge quantities of U.S. ammunition stockpiles have been used up, has unsettled a few of his personal allies at residence.
The settlement is simply a short lived association meant to offer time for beginning detailed negotiations on the much more advanced concern of longterm management over Iran’s nuclear energy ambitions, which Washington has lengthy suspected of harboring a secret bomb-making program.
Mr. Trump stated earlier on Wednesday that he was ready to “bomb the hell” out of Iran in the event that they violated the settlement.
However U.S. Senator Invoice Cassidy from Mr. Trump’s personal Republican Occasion was scathing.
“Iran’s nuclear ambitions weren’t curbed, they usually have discovered that threatening the Strait of Hormuz works,” he stated. “Sanctions might be lifted, and the bombing has stopped. That is the worst overseas coverage blunder in a long time.”
The pinnacle of the pro-Tehran Lebanese Shiite motion Hezbollah, Naim Qassem, on Wednesday described the deal as a “nice victory” for Iran.
He thanked Tehran for insisting that the truce cowl Lebanon, which was drawn into the battle when Hezbollah fired rockets at Israel on March 2 in help of Iran.
Negotiations to start
A two-month negotiating interval now begins, with the much-anticipated reopening of the Strait of Hormuz as step one.
Underneath the phrases of the deal launched by U.S. officers, Iran will dilute its enriched uranium shares, presumably by “down-blending on web site below the supervision of the IAEA”— the UN’s nuclear watchdog.
This might result in the extra far-reaching financial help for Iran.
However a U.S. official stated Washington wouldn’t be required to contribute financially.
Oil costs have tumbled in latest days as optimism grew of a long-lasting Center East peace settlement, however reversed course on Wednesday.
Costs briefly jumped 5 p.c as uncertainty unfold concerning the signing, earlier than stabilizing later within the day.
Lebanese entrance
Whereas violence declined in Lebanon following the announcement of the deal, Israeli strikes on the south have killed at the very least 5 individuals since then, based on state media, which additionally reported Israeli raids on south Lebanon on Wednesday.
Israel’s military stated 5 troopers have been wounded on Wednesday, one among them severely, “on account of an explosive drone affect in southern Lebanon”, the primary such announcement for the reason that U.S.-Iran deal.
The Israeli army additionally stated its air power intercepted “a number of rockets” launched towards troopers working in south Lebanon, with out reporting casualties.
Revealed – June 18, 2026 04:09 am IST