Iran-US war latest: Trump and Iranian leader sign peace deal as Tehran vows to charge Strait of Hormuz fees

Trump signs Iran deal during visit to VersaillesDonald Trump has formally signed the initial peace agreement with Tehran.The president inked the early-stage deal during his tour of the Versailles palace in France on Wednesday evening. Trump confirmed the historic moment as he left a subsequent dinner with French president Emmanuel Macron.

“It’s signed, yeah,” Trump told reporters casually. “I signed it in Versailles.”The details of the US memorandum of understanding with Iran, which included ending the war and reopening the Strait of Hormuz, were earlier released by US officials, as Trump delivered a long-winded speech in which he claimed to have saved the world from a major economic downturn.

However, Iran's chief negotiator reiterated that Tehran would charge ships crossing the strait after a 60-day fee-free period stipulated in the initial deal with the US.Mohammad Bagher Ghalibaf said "Hormuz will not return to pre-war conditions", adding: "Iran has the right to sovereignty over the Strait of Hormuz and of course we will receive a fee for services."RecommendedRead Trump’s 14 point Iran peace deal in full after US announces signing of agreementTrump knows his deal with Iran is bad.

His closing G7 speech made that very clear‘I’m blaming JD’: Trump jokes at Vance’s expense on what happens if Iran deal doesn’t work out‘They’re walking around without legs’: Trump rambles on G7 world stage for half-hour trying to justify Iran warTrump jokes he will blame Vance if Iran deal failsDonald Trump suggested he would blame vice president JD Vance if the Iran peace deal failed.Asked about the possibility of blaming Vance if the deal fails, Trump replied: "I like that idea, sure.""This way, if it works out, I'm going to take the credit.

If it doesn't work out, I'm blaming JD," the president continued."You better be careful, JD," he said.Vance has become a leading administration voice promoting the initial agreement to end the war in Iran, even as Trump has occasionally contradicted facets of the agreement that Vance has announced publicly.

Alisha Rahaman Sarkar18 June 2026 04:45Trump knows his deal with Iran is bad. His closing G7 speech made that very clearIf you’d like to know how Donald Trump’s closing speech at the G7 went, it’s probably best to start at the part where he asked Scott Bessent whether the stock market was smarter than his Treasury secretary.“No, sir,” Bessent dutifully replied.

He was disagreeing with a notion Trump had just posited, but it was clear from his tone of voice that he didn’t mean to disagree. He was simply trying to make real-time sense of what his boss had just said, which happened to be the semi-coherent and utterly baffling: “The stock market is more brilliant than anybody there is, including people on this stage, apart from me. What do you think, Scott, is the stock market more brilliant than you?”

Yes, sir? No, sir? What, sir?

It was clear at that point, just a couple of minutes in, that nobody — including his own team, or perhaps especially his own team — had any idea what Trump was talking about.More here.Trump knows his deal with Iran is bad.

His closing G7 speech made that very clearThe president tried to take a victory lap as he wrapped up the summit. Instead, he made his own insecurities — and his own confusion — very obvious, writes Holly BaxterAlisha Rahaman Sarkar18 June 2026 04:40Pakistan's Sharif deletes post on signing ceremonyPakistan's prime minister Shehbaz Sharif deleted a post on the US-Iran deal and later reposted it without a reference to the Friday signing ceremony.Sharif had written on X that there would still be a formal signing ceremony on Friday, after both sides had already signed a memorandum of agreement.

Sharif briefly removed the post a short time later, however. Then, he reposted most of the same text but removed a reference to Friday's ceremony.That could cast doubt on whether the ceremony will happen.

Alisha Rahaman Sarkar18 June 2026 04:26Oil prices fall to $78 a barrelOil prices fell in early trading this morning after the US and Iran signed an interim agreement that would end the Iran ​war, reopen the Strait of Hormuz and waive US sanctions on ‌Tehran's oil, resolving the largest energy supply disruption in history.Brent crude futures were down 89 cents, or 1.12 per cent, at $78.

66 a barrel, and US West Texas Intermediate ​fell 98 cents, or 1.28 per cent, to $75.81 a barrel.

Alisha Rahaman Sarkar18 June 2026 04:25Watch: Trump says unfair' for Iran to not have ballistic missiles if others have themTrump: 'Unfair' for Iran to not have ballistic missiles if others have themAlisha Rahaman Sarkar18 June 2026 04:17Trump threatens he could still resume attacksUS president Donald Trump has threatened that he could resume attacks and kill Iranian officials if they failed to honour their commitments after both nations signed the peace deal on Wednesday."We're going to ⁠bomb the hell out of them if they violate the agreement," Trump said of Iran at a press confe