US, Iran agree on deal to end war, sending oil prices lower

Senators appeared cautious about praising the proposal announced by President Donald Trump to end the war in the Middle East until they could read the text, with even members of the president's party reluctant to celebrate the framework deal.

"We do not have an agreement just yet, so we will see when there is text out there," Senate Majority Leader John Thune, R-S.D., told reporters at the Capitol, according to The New York Times. "I'm guessing there will be a high level of interest among our members."

Republicans and Democrats were both questioning why the Trump administration had not provided details of the proposal to congressional lawmakers.

"If it is a secret deal, then how can I take it seriously?" Sen. Thom Tillis, R-N.C., said on Monday.

Thune and Senate Minority Leader Chuck Schumer, D-N.Y., are part of the so-called Gang of Eight in Congress that is supposed to be briefed on highly classified intelligence matters, according to the newspaper.

"It's been nearly 24 hours since Trump announced there was a potential deal with Iran, and we still don’t know the details," Schumer said from the Senate floor. "Trump must brief Congress and the public on the details of his understanding with Iran immediately and end this war once and for all."

Vice President JD Vance said Iran will "never get a dime of American taxpayer money" after reports said the U.S.-Iran proposal would include the U.S. government giving money to Tehran.

"The American media literally picks up talking points and propaganda from the IRGC that has no support in the text of the agreement that we've actually negotiated and no basis in reality," Vance said during an appearance on Fox News' "Hannity."

When asked if Iran would ever receive an American dime, the vice president said they would not.

"No ... They never get a dime of American taxpayer money. Ever. Full stop. Not even close," Vance said.

Sen. Lindsey Graham, R-S.C., said the Iran proposal announced by the Trump administration would be "transformative for the region" and lead to broader peace.

"The proposal as envisioned by the Vice President and the Trump Administration to end the Iranian conflict would be transformative for the region and a major achievement, leading to broader peace," Graham wrote in a post on X.

"It is my understanding the terms of the [Memorandum of Understanding] will be released by the administration in the coming days. I look forward to reviewing the actual document rather than relying on Iranian propaganda reports. The sooner it is released, the better," he continued.

Iran kicked off its World Cup opener near Los Angeles on Monday against New Zealand, with the crowd including both supportive fans and Iranian Americans waving symbols of protest against the country's government in Tehran.

The Iranian team played on U.S. soil around 24 hours after a framework peace deal was announced to end the war that began in late February with U.S.-Israeli attacks on Iran.

In Los Angeles, where many Iranians who fled the country after the Islamic Revolution now live, Iranian American soccer fans say they have felt torn between excitement about seeing the team on the international stage, frustration with Tehran's crackdown on protesters and concern about the Trump administration's war against the Middle Eastern nation.

Hundreds of protesters gathered outside the stadium, where they were seen waving anti-Iranian government signs and flags. They said they did not want to attend the match, saying they believe it would imply support for Tehran.

Others attended the game but brought in symbols of protest, including the pre-revolutionary Iran flag, which is the same colors as the current official flag but has a different lion-and-sun emblem.

Iranian officials had threatened to stop matches if unofficial flags were brought in or slogans were chanted, although Monday's game went on as scheduled.

Reuters contributed to this report.

Vice President JD Vance on Monday outlined how the U.S. would verify Iran’s compliance under a potential nuclear agreement, arguing that a stringent inspection regime would distinguish it from the Obama-era Joint Comprehensive Plan of Action (JCPOA).

“If you go back to the original Obama JCPOA, there were a couple of big problems with it,” Vance said during an appearance on “Hannity.”

“The Gulf Arabs hated the Obama deal. Why? Because they thought that it empowered the Iranians to be a malign actor,” Vance said. “It actually enriched the Iranians while they were misbehaving.”

By contrast, Vance said regional allies support the current framework because they believe it could help reshape the Middle East.

“This deal the Gulf Arabs love, because they know that this is the kind of deal that could fundamentally transform the Middle East,” he said.

Vance also criticized the JCPOA’s inspection provisions, arguing oversight of Iran’s nuclear program was insufficient.

“There was a little bit there, but it was basically nonexistent,” he said.

“This goes back to our fundamental principle here, that if they show verifiable commitment — and that means a real inspection regime — then they can get the benefits of the bargain,” he said.

Vice President JD Vance said Monday that President Donald Trump would not hesitate to resume military strikes against Iran if Tehran fails to uphold its commitments under a deal agreement with the United States.

Citing Tehran's unpredictability, Vance told Sean Hannity that Gulf nations have grown wary of the Iranian regime despite opportunities for greater regional stability.

“They don't believe anything either,” Vance said of U.S. allies in the Gulf. “They're not certain. They're not going to predict what the Iranians are going to do five years from now, but they see real opportunity.”

“So, we're going to walk down this pathway. We're going to see how serious the Iranians are.”

Asked what would happen if Tehran fails to meet its obligations under a deal, Vance said Iran would lose any benefits offered by the United States.

“If they don't do what they promise they're going to do, they don't get any benefits of the bargain, and as the president would say, we have all the cards,” Vance said.

“Their economy will still be in very tough shape if they don't get the relief that they need to get in order to make progress.”

“We have the cards, and if they don't honor the commitment, we'll figure out what to do when we get there.”

Vance suggested that could include renewed military action.

“I've known President Trump for a long time. I would say that means go back and resume bombing. It could. It could be, and he would. I don't think he would hesitate,” Vance said. “It could mean the blockade goes back on, Sean.”

Vance said Trump's ultimate goal is not regime change but a change in behavior from Tehran.

“He wants Iran to be a normal country,” Vance said. “They've got to act like it.”

Vice President JD Vance said Monday that the ball was in Tehran’s court ahead of signing a new Memorandum of Understanding set for Friday.

Speaking on “Hannity,” Vance said Iran would determine the next phase of relations between the two countries.

“It’s fundamentally the ball is in the Iranians’ court, Sean, because we’re better off regardless,” Vance said.

“Their nuclear program is destroyed, whatever route they choose. The Strait of Hormuz is open, whatever route they choose. Their conventional military is destroyed, whatever route they choose,” he added.

“This gives the Iranians optionality to either become a normal country or not, but the United States is in a much better position, regardless of what they choose.”

Vance also described what he said was an unprecedented level of communication between Washington and Tehran.

“We’ve never had this level of direct communication with the Iranian leadership,” he said.

“Of course, the previous generations of Iranian leadership are gone, thanks to what’s happened over the last few.”

“What’s fascinating to me about their system is that we’re seeing even people that I would have assumed are hardliners who are kind of saying, you know, what, maybe it was a mistake for us to do the things that we’ve done over the last 40 years,” he said.

“Maybe we should turn over a new leaf in the relationship with the United States of America,” he added before emphasizing that the administration remains cautious.

“We do verify, and we do extend this hand and say, ‘Look, if you guys are willing to change, we’re willing to change how we’ve dealt with you too,’” Vance added

Vice President JD Vance outlined Monday what is included in the new Memorandum of Understanding (MOU) announced June 14 with Iran.

Speaking on "Hannity," Vance also said there has been a great deal of misinformation circulating about the agreement.

"I've seen a lot of misinformation out there," Vance said.

"I've seen $24 billion going from the United States to Iran. That number is totally false, totally made up."

Fundamentally, Vance said the deal ensures that the Strait of Hormuz remains open immediately.

"You already see oil prices coming down substantially, and I think they're only going to come down even further," he added.

"Number two, it ensures that Iran will never have a nuclear weapon. And number three, it does go and say, look, if the Iranians are willing to change their ways, if they're willing to behave like a normal country, stop trying to build a nuclear weapon, stop trying to fund terrorism all over the Middle East."

"Then we are willing to actually fundamentally transform our relationship with them. That's what the president has offered," Vance said before stating that Washington would "need to verify that."

"We would need to see real progress and real action," he added.

U.S. Vice President JD Vance said Monday that President Donald Trump's policy toward Iran has ensured that Tehran will never obtain a nuclear weapon.

Vance also praised the administration's approach as effective, despite criticism from political opponents.

"The president has been clear from day one: Iran will never have a nuclear weapon," Vance said in a post on X.

"Once again, President Trump's efforts to establish peace have paid off for the American people, despite countless attempts to thwart them by people who hate America and President Trump." 

CIA Director John Ratcliffe told President Donald Trump and other senior officials that U.S. intelligence assessments cast doubt on Iran’s willingness to make the nuclear concessions Washington is seeking in a final agreement, Axios reported Monday.

Citing three sources, Axios said Ratcliffe was not alone in his skepticism. Secretary of State Marco Rubio and Secretary of War Pete Hegseth also raised concerns about the deal during internal meetings.

Vice President JD Vance, along with U.S. envoy Steve Witkoff and former White House adviser Jared Kushner, supported moving forward with the memorandum of understanding (MOU) according to the sources.

Trump announced Monday that the text of the MOU with Iran would be released after both sides sign the document in Switzerland on Friday.

He also said the Strait of Hormuz would be fully reopened that day.The MOU is to pave the way for negotiations over Iran’s nuclear program and possible sanctions relief. 

President Donald Trump said Monday that Iran has agreed not to develop or possess a nuclear weapon.

The president also dismissed reports that the United States would pay Iran, calling the claim false and blaming Democrats for spreading the story.

“Iran has agreed to never have a nuclear weapon!” Trump said in a post shared on Truth Social.

“Also, the story that the U.S. is paying Iran $300 million is Fake News, put out by the Dumocrats!!!” he added.

A majority of the Israel Defense Forces (IDF) and Mossad oppose the Memorandum of Understanding (MOU) between Iran and the United States, believing Iran should stay under sanctions, The Jerusalem Post reported Monday.

According to the outlet while the Trump administration has focused on reopening the Strait of Hormuz and curbing Iran’s nuclear program, Israeli security officials also hoped the deal would also address Tehran’s ballistic missile program and support for proxy groups.

Some Mossad and IDF officials argue sanctions should remain in place until the Iranian regime changes its behavior or is removed from power.

They believe the damage inflicted on Iran during the 2026 war, combined with the Hormuz blockade, could succeed where sanctions on their own had failed from 2018 to 2026.

Major stock indexes and bond prices gained Monday while oil futures hit at a three-month low after President Donald Trump announced the United States and Iran had signed a preliminary deal to end the conflict in the Gulf.

The Dow Jones Industrial Average and the STOXX 600 both closed at record highs as investors saw the prospect of easing geopolitical tensions.

Reuters reported that markets had mostly anticipated a deal, but confirmation of an agreement triggered a sharp sell-off in crude oil.

Brent crude futures fell $4.16, or 4.8%, to settle at $83.17 a barrel, while U.S. West Texas Intermediate crude dropped $4.13, or 4.9%, to $80.75.

Both benchmarks posted their steepest one-day declines in months, the outlet said.

The Trump administration will keep its military buildup in the Middle East in place despite signing a new agreement with Iran, underscoring Washington's continued distrust of Iran as the two sides enter a 60-day negotiating period.

"The plan is to keep the current force posture during the 60-day negotiations," a senior U.S. official told reporters on a call Monday. "We hope to draw them down, but we're not doing that yet."

"The agreement contemplates the reduction of military forces in the region upon the agreement of a final deal," the official added.

Officials said President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf already have signed the memorandum, and that the details of the agreement will be released publicly within the next 24 to 48 hours.

A formal signing ceremony is expected later in the week.

The decision means the Pentagon will maintain a military posture that recently included roughly 50,000 troops deployed across the Middle East, one of the largest U.S. force concentrations in the region in more than two decades.

Publicly available fleet tracking data indicate at least two carrier strike groups remain in the U.S. Central Command area of responsibility.

Officials repeatedly stressed that any sanctions relief, asset releases or future concessions would be tied to verification and Iranian performance, not promises alone, with one senior official acknowledging the two sides remain in the early stages of "building trust."

This is an excerpt from a report by Fox News' Morgan Phillips.

A proposed $300 billion fund being considered by the Trump administration for Iran would be financed by private companies looking to invest in the country rather than by governments, according to reports.

Citing a source, the Financial Times reported that the fund would be tied to Iran's compliance with the new agreement and would support efforts to rebuild and modernize the country.

Officials said there is interest from businesses in Europe, Asia — including Japan and South Korea — as well as the United States.

Separately, Vice President JD Vance said Monday that Iran could gain access to a reconstruction fund under the new peace agreement, provided Tehran meets its obligations.

"Well, Ed, that's the sort of thing they could have access to, funded by the Gulf Coast Coalition, so long as they honor their end of the obligation," Vance said in an interview with CBS News' Ed O'Keefe when asked about the fund. 

While governments welcomed the new U.S.-Iran deal as a step toward ending the conflict, reopening the Strait of Hormuz and easing regional tensions, some Iranians have expressed anger and disappointment, according to foreign policy analyst, Lisa Daftari.

"The U.S. just signed a deal with the Islamic Republic. The regime is celebrating. The Iranian people are not," Daftari wrote in a post on X on Monday.

Daftari said she had spent the previous 24 hours collecting messages from contacts inside Iran about the agreement.

"The U.S. has already forgotten the bloody massacres of January 2026 in Iran. How do you negotiate with a regime whose hands aren't even dry yet?" one Iranian wrote.

Another Iranian said that decades of agreements with Tehran had failed to improve conditions for ordinary citizens.

"Like millions of other Iranians, my family and I have lived with the consequences of these policies and agreements for nearly 47 years. We have watched one deal after another being presented as a solution, only to see ordinary people continue paying the price," the individual said.

"Nobody here is celebrating this agreement."

Clashes between Israeli forces and Hezbollah militants erupted in southern Lebanon on Monday, with the Israeli military saying it intercepted rockets and missiles.

“A short while ago, the Israeli Air Force intercepted numerous rockets that were launched by the Hezbollah terrorist organization toward the area in which IDF soldiers are operating in southern Lebanon,” the IDF said in a statement.

The military said Hezbollah also fired an anti-tank missile and multiple mortar shells at IDF soldiers in several incidents throughout the day.

“No injuries were reported,” the IDF added.

The IDF said that in four separate incidents on Monday, soldiers identified militants traveling in vehicles who approached Israeli troops and were considered an imminent threat.

“Immediately following the identification, the Israeli Air Force carried out precise strikes on all of the threats,” the military said.

The developments came as Hezbollah said it had targeted Israeli forces with rocket barrages and artillery fire in areas of southern Lebanon, according to Reuters. The outlet said clashes were ongoing.

Sen. Ted Cruz, R-Texas, said Monday that he was looking forward to the details of the new agreement between the United States and Iran, while defending President Donald Trump's decision to order military strikes against the Iranian regime in February.

"I think the decision President Trump made to initiate military action against Iran was the single most consequential decision of his presidency," Cruz told Fox News' Paul Steinhauser.

"I think he made America safer. The Iranian regime, the Ayatollah — when he was chanting 'Death to America,' he believed it," Cruz said.

"And I think the President, as Commander in Chief, acted decisively to stop that Ayatollah from getting nuclear weapons, which, God forbid, if Iran got nuclear weapons, in the blink of an eye hundreds of thousands of Americans could be killed."

Cruz also said he intends to look at the terms of the agreement.

"I look forward to reviewing the details of the agreement," Cruz added before noting that Congress would likely have a role in approving any formal arrangement.

"We'll have to vote on any kind of peace treaty. Obviously, I would certainly anticipate that," he said.

Cruz's remarks came nearly 24 hours after Trump confirmed that the U.S. and Iran had agreed to extend their ceasefire for 60 days through a Memorandum of Understanding (MOU).

Reactions in Israel to the Memorandum of Understanding reached by President Donald Trump and Iran on Sunday have been a mix of wait-and-see-the details and outright criticism.

Iran’s Supreme National Security Council confirmed on Sunday that Tehran and Washington had finalized a memorandum of understanding ending the war after months of negotiations.

In a statement, the council said all military operations across multiple fronts, including in Lebanon, would cease "immediately and permanently."

Talks on a comprehensive final agreement will reportedly begin only after both sides have implemented their obligations under the framework and are expected to continue for up to 60 days.

On Monday night, Prime Minister Benjamin Netanyahu addressed the nation, saying he had spent decades fighting Iran’s efforts to acquire a nuclear weapon. "I can define it as the mission of my life," he said.

"I stood by it until now, and I will stand by it in the future. With or without a deal, Iran will not have a nuclear weapon."

He continued, "Not today and not tomorrow. As long as I am the prime minister of Israel, it will not happen."

Responding to reporters' questions, Netanyahu acknowledged that he was not familiar with the exact details of the memorandum of understanding reached between the Trump administration and the Iranian regime but lauded the joint U.S.-Israel operation against the regime.

Netanyahu said the campaigns had spared Israel from the threat of nuclear annihilation.

"If we had not acted when we did... and with the force we demonstrated in a historic partnership with President Trump and the U.S. military, Iran would already possess atomic bombs," Netanyahu said.

Earlier on Monday, Defense Minister Israel Katz, held back from directly criticizing the deal but said that the IDF would not withdraw from southern Lebanon, warning that if Iran attacks Israel in response to the fighting against Hezbollah, "we will strike it with full force."

This is an excerpt from a report by Amelie Botbol. 

Israeli Prime Minister Benjamin Netanyahu gave his first statement on Israeli television Monday, nearly 21 hours after President Donald Trump announced a memorandum of understanding (MOU) between the United States and Iran.

Addressing the new agreement, Netanyahu clarified that it was made by Triump before stating that the president believes that it can achieve both the reopening of the Strait of Hormuz and dismantle Tehran's nuclear program.

"I said that this is his decision. I repeat, this is his decision. He is leading it, and of course, I have expressed my views in various conversations." he said

Netanyahu also acknowledged differences between himself and Trump, saying that very often they see eye to eye, and there are also cases where they see things less eye-to-eye.

“This is a relationship between partners who have known each other for a long time,” he said.

“As I said, we often agree, and we often disagree. That happens in the best of families.”

“I can tell you that I set certain parameters for our activities, and we act accordingly,” he added.

Netanyahu stressed that his primary responsibility remains Israel’s security.

“I am responsible for Israel’s security interests. I stand by them, and I want to tell you how one stands by them,” he said.

More broadly, Netanyahu emphasized that Israel’s security challenges were ongoing and that the country would continue to be strong and determined to defend ourselves for as long as necessary.

He said the Israel Defense Forces (IDF) would remain in the security zone for as long as necessary to protect the country.

Fox News' Yonat Friling contributed to this report.

Oman was reportedly removed from its role as mediator in the first round of negotiations with Iran, according to Iran International.

An official told reporters that Muscat was accused of acting in a "very duplicitous" way during the failed talks that preceded the outbreak of war with Iran on Feb. 28.

"We were very unhappy with the job the Omanis did," the official said.

"We felt they were very duplicitous and almost like employees of the Iranians in the way that they maneuvered, so we kind of threw them out of this process."

The report also said Washington concluded that Oman's conduct undermined confidence in its ability to serve as an impartial intermediary between the two sides.

The Times of Israel also reported Monday that Washington viewed Oman's actions as so problematic that it effectively removed the Gulf state from the mediation process altogether.

President Donald Trump on Monday declined to commit to attending the signing of an agreement to end the Iran war on June19, telling reporters his participation "depends."

Speaking at the Group of Seven (G7) Summit in Évian-les-Bains, France, while seated next to French President Emmanuel Macron, Trump said Vice President JD Vance had originally planned to attend the signing.

“JD’s coming in for it, he was originally going to do it,” Trump said. “I’ll probably be gone by then. We’re having dinner in a day and a half, right? We’re going to be staying quite late. So, I may be involved, I may not, but JD was coming in for that, specifically.”

Trump also called the agreement a "very powerful document" and said the text of the agreed memorandum of understanding (MOU) with Iran would be released "very soon."

Hezbollah has not carried out any operations since the announcement of the Iran-U.S. framework deal, Reuters reported Monday, citing a Hezbollah official.

The official told the outlet that Hezbollah rejects what it described as Israeli "freedom of movement" in Lebanon and said Iran delayed signing the agreement with the United States to monitor Israel's compliance with the Lebanon ceasefire.

The official said the group's position on the ceasefire remains tied to Israel's adherence to its terms.

President Donald Trump had called for restraint on Sunday after Israel launched airstrikes on Beirut for the second time, a move that could have derailed ceasefire negotiations between the U.S. and Iran.

President Masoud Pezeshkian said Monday that Supreme Leader Mojtaba Khamenei played a direct role in shaping Iran's newly finalized memorandum of understanding (MOU) with the United States, underscoring his backing for the agreement.

Pezeshkian also said Tehran remained committed to serving the public and safeguarding national interests.

“After intensive discussions, nearly all members of the Majlis supported the text of the memorandum of understanding so that America's true resolve to respect the rights of the Iranian nation could be tested in practice,” he wrote in a post on X.

“The guidance of the esteemed Supreme Leader played the greatest role in incorporating clauses to safeguard Iran's national interests, and we are grateful to him for that.”

The comments came a day after President Donald Trump said a deal with the Islamic Republic of Iran was “now complete.”

Iran’s Supreme National Security Council announced that Tehran had finalized the MOU with the United States following months of "difficult negotiations" and under the guidance of Khamenei.

The United Kingdom Maritime Trade Operations (UKMTO) said Monday it received a report of an incident off the coast of Yemen, in which a tanker was approached by a small skiff carrying four people.

UKMTO said the crew opened fire on the vessel around 111 nautical miles southeast of Aden, with a rocket-propelled grenade. The agency did not identify the tanker.

"The crew of the skiff were armed and opened fire on the vessel with an RPG," the agency said, adding that unspecified authorities were investigating the incident.

The UKMTO also warned vessels transiting the region to exercise caution and report any suspicious activity.

The incident comes after Iran and the United States digitally signed an agreement on Sunday to extend the ceasefire and reopen the Strait of Hormuz.

The agreement is scheduled to be formally signed in Geneva on Friday. 

This is an excerpt from an article by Robert Maginnis, a retired U.S. Army infantry officer and senior fellow for National Security at the Family Research Council.

More than two decades ago, as a Pentagon strategist during the run-up to the Iraq War in 2003, I found myself asking a question that received far less attention than troop movements, air strikes or invasion plans: What happens after the initial victory?

Military planners focused on defeating Saddam Hussein's regime. I remained concerned about what would follow. Even with access to senior-level planning discussions and classified assessments, I believed too many assumptions were being made about the peace that was supposed to emerge after the fighting stopped.

That same question returned to me Sunday when President Donald Trump announced on Truth Social that the United States and Iran had reached a memorandum of understanding to end nearly four months of war and that he was authorizing the immediate reopening of the Strait of Hormuz and lifting the U.S. naval blockade. A formal signing ceremony is set for Friday, June 19, in Geneva, with Pakistan's Prime Minister Shehbaz Sharif serving as host.

The guns are falling silent. Diplomats are returning to the table. Oil futures dropped 4% and equity markets rallied on the news. Those developments should not be dismissed.

But history teaches us that ending a war and securing a durable peace are not the same thing.

Trump deserves credit for bringing this conflict to this point. He was scheduled to arrive in Evian-les-Bains today, June 15, for the G7 summit running June 15- 17 with genuine momentum. Last year he left the G7 in Canada early because of the growing conflict. This year he arrives having announced its tentative end.

Speaker of Iran's Parliament Mohammad Ghalibaf declared the peace deal signed with the U.S. to be a "great step toward final victory" on Monday.

Ghalibaf made the statement on X, writing that Iran's adversaries failed to force Tehran's surrender.

"Beloved and tall-statured people of Iran! With your historic resistance and the valor of the armed forces against those who sought the life of this nation and the destruction and surrender of this homeland, Iran took a great step toward final victory. They wanted to, but they couldn't," Ghalibaf wrote.

"We stand firm, and in the end, our Iran will triumph, by the grace of God," he added.

Senate Minority Leader Chuck Schumer, D-N.Y., demanded "transparency" from President Donald Trump regarding the peace deal with Iran on Monday.

Schumer released a statement calling for further information about the "memorandum of understanding" Trump signed with Iran, adding that it will require Senate approval.

“Senate Democrats have been unwavering in calling for an immediate end to Trump’s Iran war. We’ve been told dozens of times that the war is over. Dozens of times, we have been left disappointed. The American people deserve details and full transparency – what exactly is in this 'understanding'? Will servicemembers remain in harm’s way?" Schumer wrote.

"And what have we actually gained here from Trump’s war? The regime is more radical than the previous one. The Strait of Hormuz is under greater Iranian control now than before the war began. The cost of gasoline remains much too high. Trump must release the details publicly,  brief Congress immediately, and end this war for good," he added.

President Donald Trump touted "plummeting" oil prices Monday after finalizing a peace agreement with Iran.

Trump made the statement while sitting with French President Emmanuel Macron at the G7 Summit in Geneva, adding that the Strait of Hormuz would be fully open in the coming days.

"I think a lot of great things are going to happen in the Middle East right now. And very importantly, the oil is plummeting down and the stock market is shooting up like a rocket today, like record kind of numbers. And the oil is taking its biggest plunge," Trump said.

The president went on to confirm that the full text of the memorandum of understanding with Iran will be released after it is formally signed on Friday.

Trump says he may or may not attend the signing ceremony.

Vice President JD Vance confirmed that the U.S. is willing to lift "some" sanctions against Iran only if Tehran makes a long term commitment to abandon its nuclear ambitions.

Vance made the statement during an appearance on ABC News, saying any Iranian commitment would need to include "proper verification."

"On the one hand, if they continue to try to rebuild their nuclear program, this deal ensures they will never have the resources in order to do that. On the other hand, if the Iranians are willing to give a long-term commitment, along with proper verification to giving up that nuclear weapon, we're willing to welcome them into the world economy, to lift some sanctions, and to turn over a new leaf in that relationship," Vance said.

He went on to warn against "hardliner propaganda" coming out of Iran stating, that the deal places strict conditions for sanctions relief, including both the nuclear issue and Iran's funding for terrorist groups across the Middle East.

Vice President JD Vance touted a newly reached agreement with Iran on Sunday, saying the Trump administration had achieved its key objectives and predicting the deal could "fundamentally transform the Middle East" for decades to come.

"I think it's a big moment for the United States of America, thanks of course to the president's leadership and the hard work of the entire team," Vance told "The Big Weekend Show."

Speaking to the show by phone, Vance said the agreement — which is expected to be signed Friday — would reopen the Strait of Hormuz and permanently prevent Iran from pursuing a nuclear weapon.

The vice president said the deal would not only end the conflict but could usher in a new era of stability and economic growth across the region.

"It's going to end the war. It's gonna make the Middle East more investable. It's going to mean a lot of prosperity, lower energy prices for the American people," he said.

"This region of the world has been a basket case for my entire life and longer than that, and what the president has really set us up to do is to certainly eliminate the nuclear threat of Iran... but now possibly to build to a new era of Middle East prosperity and success, where it's not a region of world where the United States has to worry about so much, but where frankly we can generate a lot of prosperity for the American people out of that region," he added.

Vice President JD Vance says the U.S. signed a peace agreement with Iran "digitally" on Sunday, adding that no funds have been released to the Tehran regime.

Vance made the statement in Monday morning interview with CBS News.

"We already signed the deal digitally yesterday and there's been no money released and that won't change," Vance said.

Vance's statement comes amid claims that the deal would release billions of dollars in frozen Iran funds.

U.K. Maritime Trade Operations warned that the U.S. blockade on Iranian ports will remain in effect until the peace deal with Iran is signed on Friday.

The UKTMO sent a memo warning vessels not to attempt a crossing until "explicit direction is given."

"Blocakde of Iran ports remains in effect pending execution of a US-IRan ceasefire agreement scheduled for 19 June, 2026," the memo reads.

"Do not attempt to cross until explicit direction is given. A restricted Area Exists Due to Military Blockade Operations in the Arabian Gulf, Gulf of Oman, North Arabian Sea, and the Strait of Hormuz A military blockade of Iranian ports remains in effect restricting all traffic inbound and outbound from these ports," the memo added.

Israeli opposition leader Yair Lapid called for Israeli Prime Minister Benjamin Netanyahu to resign on Monday after blasting him for allowing the U.S.-Iran peace deal to move forwrd.

Lapid argued Netanyahu mishandled diplomacy with the U.S., resulting in a deal that doesn't benefit Israel.

"The State of Israel won the battle, Netanyahu lost the war. The Israel Defense Forces fulfilled its missions, Netanyahu did not deliver the goods. He collapsed at the moment of truth," Lapid said in a statement on X.

"If, in the midst of the war, you drive the President of the United States crazy with your pardon issues, don't be surprised if he turns on you the moment your interests conflict. That's what he understood from you and heard from you—that everything is about interests and you're not there for the right reasons," he continued.

"On October 7, 2023, we learned that Netanyahu can no longer protect the security and lives of Israeli citizens. On June 15, 2026, we learned that he can no longer conduct a diplomatic campaign. It's time for a different government; it's time for him to step off the stage," he added.

President Donald Trump declared that ships are "starting to move" through the Strait of Hormuz on Monday.

Trump made the statement in a post on his Truth Social account, saying the vessels are "loaded up with oil."

"Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern 'Highway,' which is totally safe, secure, and pristine. There are other areas of travel, also!" Trump wrote.

Vice President JD Vance says the U.S. will release the "full text" of the peace deal with Iran some time this week.

Vance made the statement during a Monday appearance on CBS Mornings, going on to claim that some aspects of the deal have already been misrepresented.

"Sometimes with these agreements, there are some diplomatic protocols, some technical things to work out. But we plan to release the full text this week. We want the American people to see it. But we've also seen, of course, some misreporting about what's actually in the agreement. We've seen some accurate reporting about what in the agreement," Vance said.

Vance says the deal "ensures that Iran will never have a nuclear weapon" in addition to reopening the Strait of Hormuz.

He denied reports that the deal will release billions of dollars of assets to Iran.

"That's not true," he said of the reports. "What is true is that Iran will have a much better and much more prosperous future if they meet the obligations they make in this agreement. We'll of course see that's one of the things we're going to work out in the technical talks that will follow the official signing on Friday."

French President Emmanuel Macron says French forces are ready to assist in reopening the Strait of Hormuz on Monday.

Macron made the statement as he prepared to welcome President Donald Trump and other world leaders to the G7 Summit. Macron said his country and other European leaders are “ready to take action very quickly."

“We already have forces in the area,” including France’s nuclear-powered aircraft carrier, the Charles de Gaulle, Macron said in an interview Monday on French television TF1.

“We are ready to take action very quickly ... to send aircraft, deploy a frigate, send mine-clearing vessels. We also have our aircraft carrier, the Charles de Gaulle, along with its accompanying strike group, which remains in the region and could be deployed within two or three days following confirmation” of the deal, he said.

The Associated Press contributed to this report.

President Donald Trump traveled to France for the G7 summit after announcing a deal with Iran, setting up high-stakes meetings Monday with world leaders over the Middle East, trade, Ukraine and artificial intelligence.

Trump jetted off to Évian-les-Bains following the UFC Freedom Fight that took place on the South Lawn at the White House Sunday.

President Trump will be joined by Secretary of State Marco Rubio and a U.S. delegation as leaders from France, the United Kingdom, Canada, Germany, Italy, Japan and the European Union gather from Monday through Wednesday as part of the annual meeting. Discussions are expected to focus on trade, artificial intelligence, supply chain resilience, critical minerals, and illegal immigration.

"President Trump has effectively restored America's standing on the world stage and strengthened relationships abroad and the president looks forward to a productive G7 summit on shared issues of importance next week," said a senior administration officials during a call with reporters Saturday.

Trump's trip to Europe follows his announcement on Sunday that the U.S. and Iran had finalized a memorandum of understanding (MOU) to end the war following months of negotiations.

"The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow," Trump wrote on Truth Social.

European leaders backed the announcement, including the leaders of France, Germany, Italy and the United Kingdom saying in a joint statement on Sunday: "We are prepared to lift relevant sanctions in response to clear, verifiable steps by Iran on its nuclear program."

This is an excerpt from an article by Fox News' Ashley DiMella.

The U.S. and Iran will sign a formal peace agreement during a ceremony in Switzerland on Friday, Pakistani officials say.

President Donald Trump will be in Europe already for the G7 Summit that is set to begin Monday. He departed for France from the U.S. on Sunday night after hosting the UFC event at the White House.

European leaders are already voicing support for the peace agreement, with U.K. Prime Minister Kier Starmer calling for full freedom of navigation in the Strait of Hormuz.

“We will now work closely with our partners to support this agreement and to ensure that it turns into a durable, lasting peace,’’ Starmer said in a statement.

The Islamic Republic of Iran’s state-controlled media is promoting the memorandum of understanding with the U.S. to re-open the Strait of Hormuz and address Tehran’s illicit nuclear weapons program as its triumph over the U.S. and Israel.

The major diplomatic breakthrough, known as by its initials MOU, is slated to be sealed at a signing ceremony on June 19 in Switzerland. Iranian state-controlled TV boasted that the "U.S. is forced to sign agreement to end the war."

The State Department has classified Iran as the world’s worst state-sponsor of terrorism and its state-controlled media apparatus is notorious, according to Iran experts, for spreading anti-U.S. propoganda.

Iran's Deputy Foreign Minister Kazem Gharibabadi said, according to the country's Tasnim News Agency, "This memorandum does not mean trusting the enemy; it has been written with active distrust. We will monitor the implementation of U.S. commitments." 

Iran’s Islamic Republic News Agency (IRNA) reported that the nation’s Foreign Minister, Abbas Araghchi, "emphasized that national cohesion and the active presence of the people serve as important capital and a primary pillar of Iran’s diplomatic authority."

Araghchi said, according to IRNA," that the true image of Iran’s power on the global stage stems not only from its military capabilities but also from national cohesion, resilience, and the active involvement of its people."

Tehran's top diplomat stated that the,"Iranian nation achieved not only tactical victories during the 12-day imposed war in June last year and the recent war, but also important strategic accomplishments whose impact can be observed in both regional and global equations."

This is an excerpt from an article by Fox News' Benjamin Weinthal.

Iran's Supreme National Security Council confirmed Sunday that Tehran and Washington had finalized a memorandum of understanding (MOU) to end the war after months of negotiations, according to reports.

In a statement, the council said all military operations across multiple fronts, including those in Lebanon, will cease "immediately and permanently" starting Sunday night.

It also said the U.S. naval blockade on Iran will be lifted in full with immediate effect, according to Iran International.

Talks on a comprehensive final agreement will begin only after the other side has implemented its obligations under the framework agreement, the outlet said.

The statement also expressed thanks to Pakistan and Qatar for their mediation efforts.

The deal which is to be signed June 19 will reportedly start 60 days of discussions over Tehran's nuclear program and broader agreement.

Fox News' Emma Bussey contributed to this report.