US-Iran War News Highlights: Brent Crude Falls Below $80 For First Time Since March 3
Iranian Foreign Minister Araghchi said talks with the US will first address maritime security before discussing nuclear and sanctions issues.
- Author: Soumil Kamat, Prajwal Jayaraj
- World
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Jun 16, 2026 23:22 pm IST
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Published On Jun 16, 2026 06:47 am IST
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Last Updated On Jun 16, 2026 23:22 pm IST
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Iranian Foreign Minister Abbas Araghchi has said upcoming negotiations with the United States will be split into two stages, with sensitive issues such as the nuclear programme and sanctions relief pushed to a final phase of talks.
He said initial discussions would instead focus on maritime security in the Strait of Hormuz, the US naval blockade and reconstruction following recent US-Israeli strikes on Iran's infrastructure, setting the stage for a broader agreement later.
Araghchi was quoted as saying that the end of the Iran war included the end of Israel's occupation of Lebanon.
Iranian state television quoted Foreign Minister Abbas Araghchi making the comment to foreign diplomats in a briefing. It did not air the remarks, but put them in an on-screen graphic.
It also quoted Araghchi as saying that Israel's continued occupation of southern Lebanon would violate the memorandum of understanding reached between the United States and Iran. It remains unclear what is in the interim agreement, as it has yet to be released publicly in full.
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Iran War Live Updates: Brent Crude Falls Below $80 For First Time Since March 3
Brent crude fell below $80 for the first time since March 3, amid reports of progress regardinf the US-Iran peace deal, according to Bloomberg.
Iran War Live Updates: Trump To Send Iran Deal To Congress
US President Donald Trump said that he will be sending the documents regarding the Iran Deal to the US Congress, as per Bloomberg. He also stated that he would go over the document with the media in a couple of days.
Iran War Live Updates: Trump Says Hormuz To Be Toll Free When Opened Permanently
US President Donald Trump stated that the Strait of Hormuz will be "toll free" when it opens permanently, according to Bloomberg.
Iran War Live Updates: Trump Says Relationship With Iran Now 'Normalised'
US President Donald Trump stated that the country's relations with Iran are now "normalised", as per Bloomberg.
Iran War Live Updates: Key Updates On Iran Today
Here's a summary of events happening at the Iran's side:
- Iran’s Foreign Minister Abbas Araghchi has warned Tehran would consider any Israeli attack on Lebanon, or a prolonged occupation, as a breach of its MoU with the United States.
- Parliament Speaker Mohammad Bagher Ghalibaf is set to attend the signing of a framework agreement in Geneva on Friday and will lead follow-up negotiations with the US.
- Violence in southern Lebanon has eased, with no recent reports of intense Israeli air raids, though the ceasefire remains highly fragile, reports Zeina Khodr from Nabatieh.
- Tehran’s stock exchange has surged to a record high, gaining 2.3% in a single trading session.
Iran War Live Updates: Silver Futures Snap Three-Day Rally
Snapping a three-day rally, silver futures declined Rs 2,129 to Rs 2.49 lakh per kg on Tuesday, as investors turned cautious amid uncertainties surrounding the proposed US-Iran peace agreement.
On the Multi Commodity Exchange, the white metal for July delivery slumped by Rs 2,129, or nearly 1 per cent, to Rs 2,49,329 per kilogram in a business turnover of 11,023 lots.
Analysts said the decline came a day after bullion prices surged on optimism that an agreement between Washington and Tehran could end months of conflict and reopen the Strait of Hormuz, a key artery for global energy trade.
(Source: AP)
Iran War Live Updates: Iran's Deputy FM Says US Naval Blockade Being Lifted
Iran's Deputy Foreign Minister stated that the US naval blockade of the Strait of Hormuz is being lifted, as per ISNA reports.
Iran War Live Updates: Trump Says 'Without Me, There Would Be No Israel'; Says Netanyahu Needs To Be More Responsible With Lebanon
US President Donald Trump stated that Israeli Prime Minister Benjamin Netanyahu "needs to be more responsible" with Lebanon. He further said, "Without me there would be no Israel."
Iran War Live Updates: Trump Says Deal Can Survive Even If Israel Attacks Lebanon
US President Donald Trump stated that the US-Iran peace deal can survive, even if Israel attacks Lebanon, as per Bloomberg.
Iran War Live Updates: Trump Says 'Not Frustrated' With Netanyahu At Meeting With Qatari Emir On G7's Sidelines
US President Donald Trump stated that he is "not frustrated" with Israeli Prime Minister Benjamin Netanyahu and at a meeting with the Emir of Quatar on the sidelines of G7. He added that Iran will have to "prove itself" with investments.
Iran War Live Updates: Final US-Iran Talks On Peace Deal Likely From June 19
Iranian Foreign Minister Abbas Araghchi said on Tuesday that a new round of negotiations between the United States and Iran would begin in Switzerland on Friday, with the nuclear file to be taken up in the final stage of those talks, Al Arabiya reported.
Iran War Live Updates: Qatar To Ramp Up LNG Production As Hormuz Set To Reopen
Qatar is preparing to boost liquefied natural gas production after the Strait of Hormuz reopens, with the aim to restore most of its export capacity in two months, according to report by Bloomberg citing people aware of the development.
Iran War Live Updates: What Is Unpublished Agreement?
The unpublished agreement provides for the “immediate” opening of the strait and lifting of the blockade, a senior US official who spoke to reporters on condition of anonymity to discuss outlines of the agreement.
It includes the possibility of releasing Iran's frozen funds, easing sanctions and creating a $300 billion fund to rebuild Iran — all of which would be tied to Iran meeting benchmarks, a second senior US official, also speaking on the condition of anonymity to discuss outlines of the agreement, said.
(Source: Associated Press)
Iran War Live Updates: Israeli Occupation Of Lebanon Would Violate MoU
Iran Foreign Minister Seyed Abbas Araghchi says continuing Israeli occupation of Lebanon would be violation of MoU.
(Source: Al Jazeera)
Iran War Live Updates: Trump's US-Iran Deal Explained
As the dust settles on the landmark US-Iran memorandum of understanding, Vice President JD Vance launched an extensive media blitz on Tuesday to defend and explain the agreement, while Democrats demanded transparency and US intelligence agencies privately raised doubts about Tehran's sincerity.
Iran War Live Updates: US-Iran Talks In Two Stages, Says Araghchi
Seyed Abbas Araghchi, Iran's Foreign Minister said upcoming US-Iran negotiations will have two stages. The first stage will cover the status of the Strait of Hormuz, the US naval blockade, and reconstruction. A later stage will address nuclear issues and sanctions relief, to be resolved in a final agreement.
(Source: Al Jazeera)
Iran War Live Updates: Iran Central Bank Chief In Moscow
An Iranian delegation led by central bank chief Abdolnaser Hemmati has departed for Moscow to discuss “monetary and banking relations between Iran and Russia,” according to Iran’s semi-official Fars news agency. The delegation is expected to focus on facilitating monetary exchanges, boosting central bank cooperation, and developing new mechanisms to increase overall economic exchange volume.
(Source: Al Jazeera)
Iran War Live Updates: Iran Draws 2-2 With New Zealand In World Cup Opener
Iran opened its politically charged World Cup by playing to a 2-2 draw with New Zealand on Monday night, overcoming two deficits and getting the tying goal from Mohammad Mohebbi in the 64th minute. Iran is ranked 20th in its seventh World Cup appearance, including four straight.
Iran War Live Updates: Oil flow May Take Weeks To Normalise
Top MoPNG official told NDTV Profit that oil supplies may take weeks to normalise even if the deal holds.
- Strait of Hormuz expected to reopen after the deal is signed.
- Opening of the Strait could allow crude, LNG and petroleum products to move in the coming days.
- War forced major Gulf producers to shut large volumes of oil and gas output.
- Around 180 million barrels of crude and refined fuels stranded in the Gulf, according to industry estimates.
- Over 1 million tonnes of LNG also stuck in the Gulf.
- Most deal terms remain unclear; India is closely watching developments.
Iran War Live Updates: Iran Says What's Agreed On In MoU Is Key Step Toward Ending War
Iranian President Masoud Pezeshkian has taken a cautious stance regarding the signing of a memorandum of understanding (MOU) on an end-of-war agreement with the United States, stating that a final agreement has not yet been reached. His remarks reflect both the risks of the agreement breaking down in follow-up negotiations with the United States and the growing opposition among hardliners within Iran.
Iran War Live Updates: US Intelligence Casts Doubt On Iran's Commitment To Peace Deal
CIA Director John Ratcliffe briefed President Donald Trump that US intelligence has serious doubts about Iran's willingness to follow through on the nuclear concessions Washington is seeking in any final agreement, Axios reported, citing three sources familiar with those discussions.
Iran War Live Updates: Strait of Hormuz Will 'Never Return To Pre-War Condition', Says Iranian Union Chief
Saman Rezaei, head of Iran's merchant marine union and secretary-general of the Iranian Merchant Mariners Syndicate, told Al Jazeera he believes transit in the Strait of Hormuz will "never return to its pre-war condition" even after the crisis ends. He said the war shattered the centuries-old order of the strait as a safe haven for shipping, and a new order with a stronger role for coastal states will be needed.
Rezaei said the global shipping industry expects a "long and uncertain" return to normal, depending on "sustainable peace, a reduction in the apparent threat, and several cycles of incident-free transit." The ITF estimates recovery could take "weeks, if not months" due to ship backlogs, crew changes, and war damage to port, trade, and oil infrastructure on both sides of the Gulf requiring major funding and time to repair.
(Source: Al Jazeera)
Iran War Live Updates: Netanyahu Dismisses Fallout Speculation With US President
Israeli Prime Minister Benjamin Netanyahu has defended the outcome of the recent military campaign against Iran, while stopped short of criticising the newly announced US-Iran deal, which is scheduled for a formal signing in Switzerland on Sunday night.
Iran War Live Updates: Trump Confirms Deal With Iran Already Signed
US President Donald Trump confirmed on Monday that a preliminary agreement to end the war with Iran has been signed, announcing that the Strait of Hormuz was already partially reopened and would be fully operational by Friday, when the deal is formally inked in Geneva.
Iran War Live Updates: Iran Sees US Lifting Naval Blockade Seen As 'Gesture Of Goodwill'
According to Iranian media, Iranian oil tankers and other ships carrying goods for Iran have crossed the Strait of Hormuz. Fars news agency cited maritime sources saying several Iranian ships began crossing the blockade line without hindrance, including a very large Iranian crude carrier en route from international waters to Iranian ports and another ship carrying livestock supplies.
This marks the beginning of a partial lifting of the blockade, with Americans reportedly allowing Iranian ships to transit both outbound and inbound. For Iranians, this may be a US goodwill gesture ahead of a signing ceremony on Friday.
Iran War Live Updates: Oil Prices At Three-Month Low
Oil steadied on Tuesday after suffering its sharpest one-day decline in more than two weeks, as traders weighed the prospects of a US-Iran agreement that could reopen the Strait of Hormuz and restore a key artery of global energy trade.
Iran War Live Updates: Security Comes First, Says Netanyahu
Responding to speculations of a "fallout" with the US President, Netanyahu said during the press conference, "There are times when President Trump and I don't see eye to eye. Israel's security interests need to be defended wisely."
He also ruled out withdrawing from South Lebanon, a matter many feel could derail the proposed deal, which calls for a total cessation of hostilities.
"We have established deep security zones around the State of Israel. We did this in Gaza, in Lebanon and in Syria, where we eliminated all of Assad's army weapons. I want to make it clear - we will remain in the security zones as long as necessary to protect our country," Netanyahu said.
"We beheaded the leaders of the terror regime, we crushed the terror factories," he said, adding, "You [Israelis] were all in terrible danger of death."
"We will stay in the Lebanon security buffer zone for as long as necessary," the Israeli leader stressed.
Iran War Live Updates: Bennett Slams Netanyahu
Assailing Netanyahu's leadership, former Prime Minister and prominent challenger for Prime Ministership Naftali Bennett earlier told the reporters that the term of this Netanyahu government began with a civil war, continued with the October 7 massacre, and is now ending with a historic failure against Iran.
Promising to “restore security for Israel,” Bennett said that he would have done “everything” differently, including diplomatically by using his “credit with the President (Donald Trump) most sympathetic to Israel that we have ever had, solely for the benefit of Israel’s national interests,” in an apparent dig at Trump’s repeated calls to pardon Netanyahu in his ongoing criminal trial.
Iran War Live Updates: Iran Will Never Have Nuclear Weapons
Israel Prime Minister Benjamin Netanyahu on Monday evening defended his actions, emphasising that "Iran will not have nuclear weapons, with or without an agreement".
"Iran will never have nuclear weapons, not today and not tomorrow," Netanyahu asserted during a brief press conference in Hebrew.
"People ask me what we have achieved? And I answer them - What we have achieved? We removed the immediate threat of annihilation from ourselves. Most importantly, we saved the State of Israel from the threat of total destruction", the Israeli Premier said following a day of criticism from the opposition as well as coalition partners.
Israeli Prime Minister Benjamin Netanyahu says, "For decades, I have been fighting Iran's efforts to acquire nuclear weapons. I can define this as my life's mission. I have upheld it until now, and I will uphold it in the future as well. With or without a deal, Iran will not have… pic.twitter.com/EutkzM2y0p
— ANI (@ANI) June 15, 2026
Iran War Live Updates: US Not Paying Iran $300 Million
In a post on social media platform Truth Social, US President Donald Trump wrote, "Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!!" - President DJT
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