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

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

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

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

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.

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.