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08:22
Oil Prices Fall, Dollar Steady As US-Iran Deal Eases Supply Concerns
Oil costs fell on June 18 as traders weighed the interim peace settlement between the United States and Iran which might cut back dangers to international vitality provides, whereas the dollar was little modified in opposition to main currencies.
US crude dropped 1.25 p.c to $75.83 a barrel and Brent crude fell 1.4 p.c to $78.41, persevering with declines after US President Donald Trump and Iranian President Masud Pezeshkian signed a deal aimed toward ending months of battle within the Middle East.
Recent falls in oil costs have eased issues a few international financial slowdown, notably in energy-importing economies.
The International Energy Agency mentioned the oil market might transfer into a major provide surplus by 2027 following the reopening of the Strait of Hormuz.
Currency markets had been steadier.
The dollar index, which measures the US foreign money in opposition to a basket of main friends, slipped 0.03 p.c to 100.32. The euro rose 0.1 p.c to $1.1511, whereas the dollar edged up in opposition to the Japanese yen to 160.65, close to its highest stage since July 2024.
With reporting by ReutersShare
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06:41
US, Iran Sign Initial Deal To End Conflict
The US and Iranian presidents have signed a memorandum of understanding, marking an preliminary peace settlement supposed to finish the battle within the Middle East and taking impact instantly.
US President Donald Trump signed the memorandum of understanding on June 17 throughout a candlelit dinner on the Palace of Versailles following a Group of Seven (G7) summit.
A video shared by the White House and French President Emmanuel Macron on X reveals Trump signing the doc.
“This was not easy,” Trump mentioned as he signed the settlement, whereas host French President Emmanuel Macron and different company applauded.
“This agreement paves the way for lasting peace and allows the reopening of the Strait of Hormuz,” Macron mentioned on X.
Iran’s state news company, IRNA, launched pictures exhibiting Iranian President Masud Pezeshkian signing the settlement between Iran and the United States.
In the pictures, the Iranian president holds the pages of the settlement as much as the cameras, with each his signature and that of the US president seen.
Pakistani Prime Minister Shehbaz Sharif, whose authorities helped mediate the settlement, introduced on X that the deal would take impact instantly.
With reporting by AFP and Reuters
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00:10
We at the moment are closing the dwell weblog for the day. We’ll be again at 7:30 a.m. Central European time to cowl the newest occasions throughout the Middle East.
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21:29
17.6.2026
US Officials Disclose Details Of Framework Deal With Iran
US President Donald Trump (left) talks to reporters alongside US Secretary of State Marco Rubio throughout a closing press convention on the G7 summit in Evian, France, on June 17.
WASHINGTON — Senior US officers have disclosed particulars of the framework take care of Iran that’s set to be formally signed throughout a ceremony in Switzerland on June 19.
The memorandum of understanding envisages ending the preventing on all fronts, together with in Lebanon, reopening the Strait of Hormuz to industrial site visitors, and ending the US naval blockade on Iran, in response to the textual content learn out on a background name with reporters on June 17.
Upon formally signing the deal, the 2 sides decide to agreeing to a ultimate settlement in 60 days that features limits to Irans nuclear program and the elimination of US sanctions on the Islamic republic, the US officers mentioned.
This is basically an settlement that permits us to open the Strait of Hormuz instantly, commits the Iranians to destroying the nuclear stockpile, after which offers us a dial, one senior US official mentioned.
The accord, which has already been signed electronically, marks essentially the most sweeping US-Iran diplomatic breakthrough in years and comes after months of conflict, maritime disruption, and back-channel negotiations involving regional mediators.
Read extraright here
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20:12
17.6.2026
Iran Says Trump And Pezeshkian May Sign Peace Deal
Iranian Foreign Ministry spokesman Esmaeil Baqaei (file picture)
Iran’s Foreign Ministry mentioned US President Donald Trump and his Iranian counterpart, Masud Pezeshkian have signed the memorandum of understanding nearly as “a better option.”
Earlier,the Iranian ministry mentioned it was contemplating a plan for US President Donald Trump and his Iranian counterpart, Masud Pezeshkian, to signal the framework deal in Switzerland.
So far, our plans for the Geneva assembly haven’t modified, mentioned ministry spokesman Esmaeil Baqaei on June 17. Regarding the signing of the memorandum of understanding, one thought is that it’s accomplished by the presidents of the 2 international locations, which is at present below evaluate.
Earlier, Trump instructed reporters at a G7 press convention in France that he would possibly stick round for the signing ceremony.
The ceremony is about to happen in Switzerland on June 19, though Trump mentioned it might occur on June 18.
US and Iranian officers had beforehand mentioned US Vice President JD Vance and Irans parliament speaker and prime negotiator, Mohammad Baqer Qalibaf, would signal the settlement.
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19:48
17.6.2026
US Achieved ‘Regime Change’ In Iran, Says Trump
US President Donald Trump addresses the media throughout a closing press convention on the G7 summit in Evian, France, on June 17.
US President Donald Trump instructed reporters on the G7 assembly in France on June 17 that the United States had achieved regime change in Iran.
You discuss regime change, no one will say that, however I suppose it’s, he mentioned. One set of leaders is all gone, the second set of leaders is all gone. Their third set of leaders is a bit of bit gone… I feel that is regime change.
Trump added that Iran now has a brand new group of leaders who’re smarter and much much less radicalized, saying he has achieved regime change.
Trump additionally mentioned the framework take care of Iran might be signed shortly. Tomorrow, perhaps the subsequent day, he mentioned on the G7 news convention, fueling uncertainty over the date.
Earlier, Trump mentioned the settlement could be formally signed throughout a ceremony in Switzerland on June 19.
He added {that a} copy of the deal was shared with Israel, which he mentioned was an excellent companion, regardless of expressing frustration with Israeli Prime Minister Benjamin Netanyahu in current days.
Trump referred to as him an excellent man however mentioned he will get a bit of excited generally. Netanyahu might have a bit of softer contact, Trump mentioned, including: You dont need to knock down a constructing each time somebody walks into it thats from Hezbollah.
During the news convention, Trump rejected US media experiences that Iran may very well be given entry to a reconstruction fund value $300 billion as a part of the deal to finish the conflict.
We dont give them cash, he mentioned. We dont give them any of that.
He mentioned negotiations over a ultimate settlement will cowl not simply Irans nuclear program however non-nuclear points, together with Tehrans typical ballistic missiles.
Trump mentioned he was suggested to forestall Iran from having any missiles, however he mentioned, it doesnt work that method.
They need to have some as a result of different folks have some, youve obtained to have some, Trump added.
The US president additionally instructed reporters that he was ready to bomb the hell out of Iran if Tehran violated the settlement.
If they aren’t behaving, they are going to be hit once more, he mentioned. But he added: They do not need to get bombed, they do not need to get hit.
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16:54
17.6.2026
First Iranian Crude Exports In 2 Months Leave Hormuz
The first shipments of Iranian crude oil in two months have departed the Strait of Hormuz, in response to ship-monitoring agency TankerTrackers.com. This comes simply days earlier than senior Iranian and US officers are anticipated to signal a preliminary settlement in Switzerland aimed toward ending the conflict. Using satellite tv for pc imagery and transport information, TankerTrackers mentioned it had verified Iran’s first crude oil exports since a US naval blockade was imposed two months in the past.