Oil prices fall as US–Iran MOU eases supply concerns

Oil prices slipped on Monday after US President Donald Trump and Iran’s deputy foreign minister said they had reached a deal to halt the war and resume traffic through the Strait of Hormuz.

Brent crude futures fell $3.51, or 4.02%, to $83.82 a barrel by 2203 GMT, while US West Texas Intermediate crude was at $80.95 a barrel, down $3.93, or 4.63%.

Iran says it has achieved ‘great victories’ in war with US

Vance says plans to attend Iran signing in Geneva, ‘possible’ Trump could

Trump says Iran peace deal “now complete”

President Donald Trump said on Sunday that a peace deal with Iran is “now complete”, announcing that the Strait of Hormuz is open and that the United States will lift its naval blockade.

“The deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump said on his Truth Social network, shortly after mediator Pakistan said both sides had reached an agreement.

“I hereby fully authorise the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the immediate removal of the United States naval blockade. Ships of the world, start your engines. Let the oil flow!”

Pakistan’s prime minister says US and Iran have reached deal

Pakistan Prime Minister Shehbaz Sharif said early on Monday that the US and Iran have reached a peace deal.

“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” Sharif said in a post on X.

The official signing ceremony will be held on June 19 in Switzerland, Sharif added.

Trump to announce Iran deal imminently

US President Donald Trump plans to issue a statement imminently confirming that the US has agreed to a deal with Iran, The Wall Street Journal reported on Sunday.

Trump told the Journal the deal will either be signed electronically by himself or Vice President JD Vance.

Iran said on Saturday that the signing would not take place on Sunday, though it could happen in the coming days.

Iran’s Fars news agency, citing an informed source, said on Sunday that Iran has not yet made a final decision on the framework agreement, with reviews of its political, legal and technical aspects under way.

Iran’s foreign ministry says US directly responsible for Israel’s airstrikes in Lebanon

Iran’s foreign ministry said they hold the United States directly responsible for Israel’s attack in Lebanon. 

Iranian state media says flights in the western parts of the country cancelled

Iran’s state broadcaster said that flights at airports in the west of the country were cancelled, after Tehran warned it would respond to an Israeli attack on Beirut.

“Flights from airports in the western part of the country have been cancelled until further notice,” state television reported following the warning from Iran’s top security body.

Israeli settlers enter village in occupied West Bank, set fire to buildings, cars, Haaretz reports

Israeli settlers have entered the village of Deir Dibwan, northeast of Ramallah on the occupied West Bank, setting fire to two buildings and five vehicles and causing a large blaze in nearby agricultural land, Israel’s Haaretz newspaper said citing Palestinian reports.

UN chief condemns Israeli strikes at ‘crucial moment’ in peace efforts

UN Secretary-General Antonio Guterres criticised Israel’s strikes on Beirut.

“The strikes took place despite the ceasefire and at a time when the United States and the Islamic Republic of Iran are expected to reach an agreement that will pave the way to a peaceful resolution of this conflict,” he said in a statement.

“I urge all parties to show maximum restraint at this crucial moment.”

Iran’s top security body warns response ‘imminent’ after Israel’s Beirut strike

Iran’s highest national security body warned that a response was “imminent” following an Israeli strike targeting Tehran’s ally Hezbollah in Beirut’s southern suburbs.

“The response of the fighters of Islam is imminent,” the Supreme National Security Council said in a statement on X.

“Lebanon is our life and violation of the red lines of the Islamic Republic will not be tolerated.”

Trump says he raged at Netanyahu over attack on Beirut

US President Donald Trump told news outlet Axios that he raged at Israel’s Prime Minister Benjamin Netanyahu after the Israeli army struck Beirut – just hours before Washington expected to sign a deal with Teheran.

“It shook it up. It delayed the signing by a few hours. It was supposed to be now. Now it is scheduled for a few hours from now,” Trump said in a phone call with Axios.

“It is so bad—I couldn’t believe it. An hour before we are supposed to sign the deal.”

“Why did Bibi (Netanyahu) have to do a fucking attack?” he said. “I was so pissed off. I let him know. He has no fucking judgement. I let him know that.”

Israel says top Hezbollah militant accused of killing US soldiers is dead

The Israeli military said its forces had killed a senior Hezbollah militant accused of involvement in the kidnapping and killing of five American soldiers in Iraq in 2007. Ali Mussa Daqduq was killed on Friday in a “precise strike” south of the Litani River in Lebanon, the military said.

“Over the past several years, Daqduq led much of Hezbollah’s operational planning against IDF soldiers along the Lebanon border,” the military said.

“His elimination constitutes another significant blow to Hezbollah’s senior chain of command by eliminating one of the most prominent operatives responsible for terrorist activity against Israeli civilians, IDF soldiers, and American service members.”

According to the Israeli military, Daqduq held several senior positions within Hezbollah in recent years, including as commander of former Hezbollah leader Hassan Nasrallah’s security unit and head of the group’s infantry unit.

Trump says Iran deal in ‘a few hours,’ blames Israel for delay, Axios reports

US President Donald Trump said a peace deal with Iran is still on track and will be signed within a few hours, despite an Israeli strike on Beirut he said delayed the plan.

“It shook it up. It delayed the signing by a few hours. It was supposed to be now. Now it is scheduled for a few hours from now,” Trump said in a phone call to the Axios news outlet.

Trump fumed at Israeli Prime Minister Benjamin Netanyahu over the attack on Beirut, saying, “it is so bad—I couldn’t believe it. An hour before we are supposed to sign the deal.”

Watch: ‘Chaos in US messaging’ on Iran deal after Israel’s Beirut attack

Iran’s top security body backs ‘path of dialogue’, President Pezeshkian says

Iran’s President Masoud Pezeshkian said the country’s highest security authority supports the “path of dialogue”, after hardliners criticised Tehran’s negotiating team in talks with the United States.

“The Supreme National Security Council has concluded that the path of dialogue should be pursued,” Pezeshkian said in a meeting with media executives, according to the presidency’s website.

He added that the council was in charge of “decisions regarding war and negotiations”.

Trump: ‘This morning’s attack on Beirut should not have happened’

US President Donald Trump said in a post that Israel’s attack on Beirut “should not have happened, particularly on a special day when we are so close to a peace deal with Iran”.

Trump said that although Israel has the right to defend itself, the attack it was responding to was too “small and meaningless” to disrupt the process.

“We are very close to a deal that will bring peace to the region, including to Lebanon, and all sides should stand down.

There should be no more attacks by Israel anywhere in Lebanon, but there should also be no more attacks by any other party, including Hezbollah, against Israel,” he wrote.