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A $300 billion fund to rebuild Iran is central to the US-Iran memorandum of understanding, but details on who will contribute remain unclear. US officials have distanced Washington from direct financial involvement, while reports suggest private investors and Gulf states may play a key role.
Despite US President Donald Trump's announcement of the reopening of the Strait of Hormuz and the removal of the naval blockade, vessel-tracking data shows traffic remains limited. Hundreds of commercial ships have crossed, often with transponders off, while some Iranian tankers may be slipping through. The number of vessels passing fluctuates sharply, with a recent closure announced by Iran leading to a fall in crossings.
Israeli Defence Minister Israel Katz said troops will remain in southern Lebanon, complicating US-Iran interim peace talks. Israel plans to stay 'indefinitely' in lands it holds in Lebanon, Syria and Gaza, while Iran has tied the deal to halting attacks on Hezbollah. The remarks are the first official Israeli comments since the interim deal announcement.
Pakistani Prime Minister Shehbaz Sharif announced that a final text of a US-Iran peace deal has been reached, with details including the dismantling of Iran's nuclear program and reopening of the Strait of Hormuz. The signing is expected soon, though Iran's foreign ministry has cautioned against confirming a specific date. Pakistan has played a key mediating role, with its army chief credited for keeping negotiations alive.
The U.S. and Iran have signed a memorandum of understanding to end hostilities, lifting blockades and setting the stage for nuclear talks. The deal, reached after a months-long war that failed to achieve either side's goals, has been met with relief and skepticism, with Israel watching from the sidelines.
US air strikes near the Strait of Hormuz damaged two drinking water reservoirs in southern Iran, leaving an estimated 20,000 residents without safe water amid extreme heat. Iranian officials condemned the strikes as a violation of international law, while US Central Command said it was looking into the reports. Experts have raised the possibility that the destruction could amount to a war crime if the tanks were deliberately targeted.
US President Donald Trump announced a potential peace deal with Iran that could be signed as early as this weekend in Europe, potentially reopening the Strait of Hormuz. The announcement comes after he cancelled planned military strikes on Iran, though Tehran's foreign ministry says nothing has been finalised.
US President Donald Trump cancelled planned strikes on Iran, citing that negotiations had reached the highest levels of Iranian leadership and that final points of a deal were approved by all parties. The announcement came amid reports of Qatari mediation and expectations of a signing in Europe. Regional reactions and details of the proposed agreement continue to emerge.
Gulf Cooperation Council ministers condemned Iranian attacks on Arab countries, warning of threats to regional stability and global energy supplies. The GCC called for UN intervention and reserved the right to self-defense amid escalating US-Iran confrontations.
During talks in Moscow, Bahrain's Foreign Minister expressed appreciation for coordination with Russia on international platforms and support for political-diplomatic solutions to crises. Russia's Foreign Minister revealed an updated concept for Persian Gulf security, emphasizing unity between Arabs and Iranians, which has been sent to regional capitals.
Iran's military announced the closure of the Strait of Hormuz to all vessels, prompting US denial and a rise in oil prices. The escalation follows new US strikes and stalled negotiations, with no independent confirmation of the closure's effectiveness.
The IAEA's governing board passed a resolution demanding Iran provide complete information on its enriched uranium stocks and grant inspectors access, as the watchdog warns it cannot verify the location or size of the stockpile. Iran rejected the resolution, calling it politically motivated and legally flawed, while the US and Iran exchanged strikes in the latest escalation.
Iran's military command has threatened to target any ship transiting the Strait of Hormuz, while the US military conducts new strikes. Amid the escalation, diplomatic efforts continue, with reports of a possible memorandum of understanding and discussions about tolls and reconstruction funding.
The U.S. military has conducted new strikes against Iran, targeting military facilities, as President Trump threatens more action and imposes fresh sanctions. Iran has responded with threats to target ships in the Strait of Hormuz, raising concerns about global energy prices and the fragile ceasefire.
Israeli Prime Minister Benjamin Netanyahu will run in elections due by October, his Likud party announced, after US President Donald Trump questioned his intentions. Netanyahu faces corruption charges and public criticism over his wartime leadership, while he pledges a broader coalition government.
The United States and Iran have exchanged new threats following a round of airstrikes, deepening concerns over the fragile ceasefire. The escalation follows the downing of a US helicopter, with both sides accusing each other of undermining diplomacy.
For the first time, a US Navy autonomous surface vessel rescued two Army helicopter crew members who crashed near the Strait of Hormuz. The Saronic Corsair sea drone, operated by Task Force 59, picked up the pilots within about two hours. The incident highlights the growing role of unmanned systems in military operations.
Iran's Revolutionary Guard claimed attacks on US bases in Bahrain and Jordan, and Kuwait reported intercepting hostile targets, after US strikes on Iranian territory. The exchange marks a sharp escalation in the days-long conflict, with analysts divided on whether de-escalation or further confrontation lies ahead.
Iran has launched missiles at U.S. targets in Jordan, Bahrain, and Kuwait after the U.S. struck Iranian sites in response to the downing of an American helicopter. The exchanges threaten the fragile ceasefire, with Jordan reporting it intercepted five missiles. The U.S. and Iran blame each other for the escalation.
Prediction market platform Kalshi has announced measures to prevent insider trading, including requiring users to disclose employment details for markets at heightened risk. The move follows investigations into former congressman George Santos, who allegedly bet on his own attendance at the State of the Union address.