Iran Nuclear Deal
U.S.-Iran Interim Deal Details Emerge: Trump Says No Nuclear Weapons, Iran Can Sell Oil
President Donald Trump said Tuesday that a U.S.-Iran interim deal will be made public soon and will rule out a nuclear weapon for Tehran. "Tehran will not have a nuclear weapon," Trump told reporters at the G7 Summit in Evian-les-Bains, France, adding that "hell will rain down" if Iran breaks the agreement, according to Al Jazeera.
A U.S. official said Iran will be allowed to sell oil immediately upon signing, with banking and insurance waivers taking effect at the same time. The formal signing ceremony is scheduled for June 19 in Bürgenstock, Switzerland, according to AFP.
A 108-Day War That Ended at the G7
The deal follows a conflict that began February 28, 2026, when the U.S. and Israel launched "Operation Epic Fury" — roughly 900 coordinated strikes in 12 hours. Iranian Supreme Leader Ali Khamenei was killed in those strikes, according to Anadolu Ajansı. His son Mojtaba Khamenei was named the new Supreme Leader days later.
A brief ceasefire was reached in April after Trump warned that a "whole civilization will die tonight." But talks in Pakistan stalled, and Trump ordered a full naval blockade of Iranian ports. On June 14 — his 80th birthday — Trump announced an electronic signing of a Memorandum of Understanding to end the war, according to The Washington Post.
Iran Gets Oil Sales; Nuclear Ambitions Must Go
Under the interim deal, Iran can start selling oil the moment the agreement is signed. Between $12 billion and $25 billion in frozen Iranian assets will also be released, according to Reuters. Trump teased the deal on Truth Social, writing: "Ships of the World, start your engines. Let the oil flow!"
The deal creates a 60-day window for a second stage of talks. If those talks succeed, reports suggest a $300 billion rebuilding investment fund could flow into Iran, according to Axios. Trump has threatened to resume attacks if Stage Two negotiations fail.
Israel, Democrats, and Gulf States Push Back Hard
Israeli Prime Minister Benjamin Netanyahu said he and Trump "do not see eye to eye" on the deal's terms, according to The Guardian. Netanyahu has refused to pull Israeli troops from southern Lebanon. Iran's Foreign Minister Abbas Araghchi warned that any continued Israeli occupation of Lebanese territory would be "a violation" of the agreement.
Congressional Democrats also hit back. Rep. Jerrold Nadler called the deal "half-baked," noting it leaves out Iran's ballistic missile program. Senate Leader Chuck Schumer criticized its lack of transparency. Saudi Arabia publicly welcomed the deal but privately feels "exposed" because the agreement does not limit Iran's regional proxy networks, according to Al Arabiya.
A Heavy Human and Economic Toll Behind the Diplomacy
The 108-day war killed roughly 3,468 Iranians, 13 U.S. service members, and 2,679 people in Lebanon, according to the Los Angeles Times. Lebanon's economy shrank 7.1% in 2026, with total physical damage estimated at $8.5 billion by the World Bank, according to Reuters.
Oil markets have welcomed the deal. Brent crude fell to around $80 per barrel from a wartime peak of $125. Still, 64% of Americans say the war was the "wrong decision," and Trump's approval rating sits between 34% and 37%, according to a CBS News poll.
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