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US, Iran Leaders Sign Interim Peace Deal

The interim pact would curb Iran’s uranium stockpile, ease U.S. sanctions and set aside $300 billion for reconstruction, officials said.

  • On Wednesday, President Donald Trump announced the United States signed an interim agreement with Iran to end the war, pledging a $300-billion reconstruction plan while requiring Tehran to dilute its stockpile of highly enriched uranium.
  • The memorandum of understanding waives sanctions to allow Iran to sell its oil freely, opens the Strait of Hormuz toll-free for two months, and affirms commitment to Lebanon's territorial integrity amid Israel's invasion against Iranian-backed Hezbollah.
  • Officials reported Friday that two groups agreed to halt military operations in southern Lebanon following a heavy exchange of fire that killed 47 people in Lebanon and four Israeli soldiers.
  • Akash Maharaj, a senior fellow at the Munk School of Global Affairs and Public Policy, warned the agreement may not end the war because core issues that propelled the initial United States intervention remain unresolved.
  • Technical negotiations were postponed Friday after American and Iranian officials did not travel to Switzerland for scheduled talks, while President Trump threatened to resume attacks if Iran fails to honor commitments.
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12 Articles

The Press of Atlantic CityThe Press of Atlantic City
+5 Reposted by 5 other sources
Center

US, Iran leaders sign interim peace deal

EVIAN-LES-BAINS, France — The U.S. and Iran released the text of an interim agreement their presidents signed to end their war Wednesday, with President Donald Trump threatening to resume attacks and kill Iranian officials if they fail to honor their…

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President Donald Trump revealed that fear of a global economic meltdown was the main reason he decided to sign an interim peace agreement with Iran. He made the announcement during a press conference in France, emphasizing that further tensions could lead to catastrophe.

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Bloomberg broke the news in New York, United States on Thursday, June 18, 2026.
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