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Latest Business News, Business News India Today | The HinduBusinessLine

Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Modi seeks opposition backing to implement women’s reservation before 2029 polls West Asia crisis: Ludhiana handtool export units face labour, gas supply shortages, high input costs Patent application filings in India rise 30.2% to 1.43 lakh in 2025-26: Goyal Meet the man with 138 degrees: Dashrath Singh, an ex-serviceman, earns latest qualification from IGNOU Europe missed AI bus, but India has potential to catch up: Former WEF Director AIG Hospitals, ICMR team up for digital health innovation Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Legendary playback singer Asha Bhosle dies at 92 Signature Global cuts net debt by 77% to ₹200 crore in FY26 Iran aims to restore majority of refining capability within two months Supreme Court to hear on Monday pleas related to SIR of electoral rolls in West Bengal US, India hold engagements to advance defence cooperation Trump shares article suggesting option with him to enforce naval blockade on Iran NCLAT reaffirms project-specific insolvency proceedings against realty firms Iran-US talks in Pakistan ended without deal as Tehran cites ‘excessive demands’ from US Two supertankers U-turn in Hormuz as US-Iran talks break down Time has come to implement Women's Reservation Act: PM Modi's letter to LS, RS floor leaders Iran war diverts US military, attention from Asia ahead of Trump's summit with China's leader Trump says China will have big problems if it ships arms to Iran India will soon become self-reliant in defence sector, find itself among leading nations of the world: Rajnath Singh Pakistan to continue facilitating US-Iran talks, says Dar; urges ceasefire More than 2,000 people killed by Israeli strikes in Lebanon during Israel-Hezbollah war: officials Iran denies US claims of mine clearing ships’ passage through Strait of Hormuz AI to reduce uncertainties and expand opportunities - RBI DG EAM Jaishankar meets members of Indian community in UAE 4 ways war in Iran has weakened United States in great power game US-Iran talks fail after 21 hours in Islamabad, JD Vance cites nuclear deadlock Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Islamabad talks: US and Iran begin negotiations aimed at ending West Asia conflict 51.5 lakh LPG cylinders delivered, 8.7 lakh Indians return amid West Asia crisis: Government India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. 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Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut Kerala’s mandate at crossroads as social welfare meets job demand and upward mobility US, Iran prepare for ceasefire talks as Netanyahu authorises negotiations with Lebanon BJP unveils Bengal manifesto, pledges to implement Uniform Civil Code, measures against infiltration Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon Steven Spielberg’s Jaws returns to theatres in 4K restoration on April 17 Approach authorities instead of rushing to court, SC tells petitioner who filed 25 PILs NDA promises mega textile hub near Tiruppur; Goyal bats for Edapaddi K Palaniswami leadership Civic issues at the heart of T Nagar’s knife-edge poll battle Political climate gets Madurai temperatures soaring Allahabad HC judge Yashwant Varma resigns a year after cash row; probe continues Zelenskyy says Ukrainian forces shot down Shahed drones in Middle Eastern countries during Iran war India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman ISRO successfully conducts second integrated air drop test for Gaganyaan mission Vedanta Aluminium signs pact with two downstream companies SC regularises interim bail granted to Gujarat-based journalist in money laundering case Trump ramps up threats against Iran on Hormuz before talks FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season ADB suggests unified social protection framework to cut duplication Trump's tenuous Iran exit plan isn't healing Republican rifts exposed by the war Vance sets off to Pakistan to lead talks with Iran as war’s ceasefire remains shaky Godrej Properties reports record ₹34,171 crore sales bookings in FY2026, up 16% BCCI mourns passing of former India cricketer CD Gopinath Former Iran FM Kamal Kharrazi dies from wounds sustained in US-Israeli attack: Reports West Asia conflict drives surge in NRI term insurance purchases from India, 35% m-o-m surge: Report Chalet Hotels activates cost saving steps, growth plans remain intact: CEO Shwetank Singh South India Dargah Mosque Association extends support to AIADMK-NDA alliance
Iran says US-Iran ceasefire deal depends on Israel leaving Lebanon
AP- PTI · 2026-06-17 · via Latest Business News, Business News India Today | The HinduBusinessLine

Iran's top diplomat said Tuesday that the tentative deal to end the war with the United States would require Israel to withdraw from Lebanon — a condition Israel has already rejected and that could sink the agreement, leading to the resumption of all-out war.

The deal, which is between the US and Iran, has not been made public, and officials have sometimes offered contradictory interpretations of what is in it. While Israel is not party to the agreement, it is part of the war: It joined the US in launching strikes on Iran on February 28, and has since fought the Iran-backed Hezbollah militant group in Lebanon and seized large swaths of that country.

Iranian Foreign Minister Abbas Araghchi said Israel's continued occupation of southern Lebanon would violate the deal.

“Without the withdrawal of Israeli forces from the territories they occupied during this war, the war has not fully come to an end,” Araghchi said.

A US official, who spoke on condition of anonymity to discuss outlines of the agreement, has said the deal did not call for an Israeli withdrawal. And Israeli Prime Minister Benjamin Netanyahu said Monday that Israel would remain in Lebanon “as long as necessary.” The negotiations to end the war have been plagued by such disagreements before, leading to a prolonged but uneasy ceasefire that has failed to develop into a permanent end to hostilities and has left the Strait of Hormuz, a crucial waterway for the world's energy supplies, effectively shut.

In other developments, Switzerland's foreign ministry said the signing ceremony for the deal will take place Friday at the Burgenstock resort near the city of Luzern. Ministry officials said Tuesday that the location was proposed by Pakistani and Qatari mediators, along with the US and Iran.

Lebanon tests the durability of the deal

Pakistan, a key mediator, has said the deal called for an end to military operations, including in Lebanon, as Iran long insisted. But Araghchi's call for an Israeli withdrawal adds a new wrinkle.

It puts Israel into a dilemma as it tries to degrade Hezbollah's military capabilities without undermining an agreement championed by its most important ally, the United States.

Israel invaded southern Lebanon after Hezbollah fired missiles across the border during the first week of the war. Since then, it has expanded its military footprint to levels unseen in decades and struck targets deep inside Beirut.

Though Hezbollah has been weakened, it retains the ability to strike Israel, leaving open questions about the effectiveness of Israel's campaign.

As of Tuesday evening, Netanyahu had not seen the memorandum of understanding between the US and Iran, said a person familiar with the situation, who requested anonymity to discuss closed-door details. Netanyahu's office did not immediately respond to request for comment from The Associated Press.

The extent of Israel's strikes have at times opened a public fracture between its leaders and US President Donald Trump, who told reporters Tuesday that he was “not happy with the way Israel has handled themselves with Lebanon and with Hezbollah.” “It just goes on forever,” he said of Israel's strategy. Israeli strikes in Lebanon have killed nearly 4,000 people, including hundreds of civilians, and displaced more than 1 million. “Israel's fighting Hezbollah too long, and too many people are being killed,” he said.

Trump said he's open to sending the emerging agreement to the US Congress for review.

Speaking on the sidelines of the Group of Seven summit in the French Alps, Trump said, “I like the idea, send it to Congress please." He added, “I mean who wouldn't approve it.” Republicans on Capitol Hill say they want Trump to provide more information about the agreement, with some expressing scepticism that the deal can deter Iran from pursuing a nuclear weapon.

Israel and the Lebanese government have entered into their own US-mediated direct negotiations, of which Hezbollah was not a part.

Those talks have yielded several announced ceasefires that were never implemented on the ground. Lebanese officials initially tried to keep Lebanon separate from the US-Iran negotiations, not wanting to be seen as beholden to Iran, but they have since welcomed the announcement that the deal to end the US-Iran war would include a ceasefire in Lebanon.

Araghchi's latest comments appear to match the understanding of two regional officials with direct knowledge of the interim deal. The officials, speaking to AP on condition of anonymity to discuss the closed-door negotiations, said it would require Israel to leave nearly all the territory it occupies in Lebanon, minus a few hilltop points along the border seized earlier.

The officials say Iran insisted the accord include Lebanon in the last days of the negotiations.

Despite unanswered questions, US allies push to make deal work at G7 summit

Lebanon is only one of several major questions hanging over the ceasefire ahead of the planned ceremonial signing.

The agreement is meant to provide a meaningful truce in a monthslong war that has killed thousands across the Middle East, including the top leaders of Iran's theocracy, and raised the prices of fuel, food and other basic goods far beyond the region.

The agreement provides for the “immediate” opening of the Strait of Hormuz and the lifting of the American naval blockade of Iranian ports, according to a senior US official who spoke to reporters Monday on condition of anonymity to discuss outlines of the agreement.

Pakistani officials who helped broker the agreement also described plans for the simultaneous lifting of Iran's closure of the strait and the US blockade.

The United States and Iran will then begin 60 days of negotiations over Iran's nuclear program and the potential lifting of sanctions, Pakistani officials who helped broker the interim deal said, speaking on condition of anonymity about the unpublished text.

The pact also includes the possibility of releasing Iran's frozen funds and a USD 300 billion fund to help rebuild Iran if Tehran meets certain benchmarks, senior US officials told reporters Monday. Trump later said the United States would not “invest” funds in Iran.

Regarding the timeline, regional officials who spoke to AP about the deal said the release of frozen Iranian assets would be tied to Tehran implementing the deal. Gulf Arab states also have pledged to inject billions of dollars in Iran's economy, they added, speaking on the condition of anonymity to discuss the negotiations.

Iran's nuclear programme, specifically the fate of its stockpile of highly enriched uranium, would be subject to the 60-day clock. Iran has agreed to discuss ways to possibly “dilute or remove” it, the officials said. However, it remains unclear whether Tehran would agree to that, particularly with hard-liners opposing to giving it up.

US officials have not yet explained how they see the agreement addressing Iran's nuclear programme, including who will be in charge of verifying that Iran is in compliance and who will destroy or remove highly enriched uranium believed to be buried under nuclear sites that were badly damaged by US strikes last summer.

Still, world leaders gathering in France for the first full day of the G7 summit insisted the agreement needed to succeed, even as key questions remained unanswered.

Some had clashed with Trump over not consulting them before going to war. But the leaders of France, Germany, Italy and the United Kingdom issued a joint statement congratulating the United States, the Iranian government and the mediators on what they called a “diplomatic breakthrough," saying it was vital for the deal to be quickly implemented.

French President Emmanuel Macron said France and other Western nations were “ready to take action very quickly” to help reopen the Strait of Hormuz peacefully.

Published on June 17, 2026