What do we know about the interim US-Iran deal?

After three and a half months of war, the agreement to end the conflict in the Middle East looks set to be signed this Friday in Geneva by the United States and Iran. But what does it actually contain? And, above all, who comes out on top?

Signing of US-Iran deal to take place Friday at Swiss resort, Swiss foreign ministry says

Switzerland’s foreign ministry says a signing ceremony for a deal between the United States and Iran will take place Friday at the Bürgenstock resort near the city of Luzern.

Ministry officials said Tuesday that the location was proposed by Pakistani and Qatari mediators, along with the U.S. and Iran.

The ministry said it has been in close contact with the four countries about the possible signing of the memorandum of understanding that U.S. and Iranian officials announced over the weekend.

Iran deputy foreign minister says US naval blockade ‘lifted’

An Iranian deputy foreign minister on Tuesday said the two-month US naval blockade on Iranian ports had been lifted ahead of the planned formal signing of a deal ending the war.

“The lifting of the blockade was something we had emphasised from the outset. It has now begun, and the blockade has been lifted prior to the formal signing” scheduled for Friday, said Iranian Deputy Foreign Minister Majid Takht-Ravanchi, according to the government’s website.

Oil dips to lowest price since March on talk of Hormuz reopening

Oil prices sank again Tuesday hitting $US80 per barrel for the first time since early March on the back of an announcement by Donald Trump of the reopening of the Strait of Hormuz on Friday. It comes as the US and Iran are expected to formally sign a ceasefire settlement later this week and open negotiations about Tehran’s nuclear program.

Trump says ‘soon we will be able’ to reimpose sanctions on Russian oil

President Donald Trump on Tuesday said the US will soon be able to reimpose sanctions against Russian oil, at the G7 summit where leaders are seeking to ratchet up pressure against Moscow over its invasion of Ukraine.

“Soon we will be able to do that as the oil is now flowing” through the Strait of Hormuz after the deal with Iran to end the Middle East war, Trump said.

Washington had imposed and then extended a sanctions waiver for Russian oil cargoes already at sea, troubling European allies.

Trump to send deal to end war with Iran and open nuclear negotiations to Congress for review

Trump says he’ll send agreement aimed at ending war with Iran and opening nuclear negotiations to Congress for review.

Hezbollah says Iran has pledged to pursue Israeli withdrawal from Lebanon in US negotiations

Hezbollah ⁠has received ​assurances from its ally ​Iran that it will demand a withdrawal of ​Israeli ‌troops from Lebanon ⁠in its next phase ‌of talks with the United ⁠States, Hezbollah’s media relations office told Reuters ​on Tuesday.

A withdrawal ‌would be the result of, and not ‌a pre-condition for, continuing talks between ​Tehran and Washington following the signing of a memorandum ​of understanding between ​the two countries on ​Friday, Hezbollah said.

In pictures: Displaced Lebanese return home, others celebrate after news of US-Israel interim deal

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People make their way through the heavily damaged historic market of Nabatieh as residents displaced by fighting return to southern Lebanon on June 15, 2026. Photo AFP/ Mahmoud Zayyat.

A man holds a huge flag with the image of former Shia Muslim Hezbollah chief Hassan Nasrallah, who was killed in massive Israeli strikes on September 2024 during a previous round of hostilities, on June 15, 2026. Photo AFP/ Fadel Itani.

Youths ride vehicles while waving flags of Iraq, Iran, Lebanon and Hezbollah in Baghdad on June 15, 2026, during celebrations following the announcement of a deal to end the war between Iran and the US. Photo AFP/ Ahmad Al-Rubaye

A man inspects his destroyed house upon his return to his home village of Tibnin in southern Lebanon on June 15, 2026. Photo AFP/Mahmoud Zayyat

Lebanese army forces deploy in the village of Bir al-Salasel in southern Lebanon on June 15, 2026. Photo AFP/ Mahmoud Zayyat 

Several Iranian vessels sailing toward Iranian ports despite US blockade, Iranian state TV says

⁠Three ​Iranian ​tankers and two vessels carrying essential ​goods ‌are ⁠currently ‌sailing toward Iranian southern ⁠ports from the ​Indian Ocean, ‌Iranian state TV said ‌on Tuesday, ​despite a US military advisory ​note ​saying on Monday ​that a ​blockade of Iranian ports remains ⁠in effect ⁠until Friday.

No toll but ‘maritime service fees’ for Strait of Hormuz?

Shipping remains virtually at a standstill through the Strait of Hormuz, according to tracking platforms. That’s despite US President Donald Trump’s claim that crossings were resuming under his deal to end the war with Iran. Meanwhile a row is emerging over Iran’s plan to charge levies on shipping.

Qatar says ‘cautiously optimistic’ US-Iran deal will lead to regional security

Qatar, a key negotiator in the deal to end the war between the US and Iran, said on Tuesday it believed the agreement could deliver security to the Middle East.

“We are cautiously optimistic that the signing of the memorandum of understanding will lead to the next phase of regional security through the talks that will take place on the nuclear programme and on other issues,” foreign ministry spokesman Majed Al Ansari told reporters at a regular press briefing.

IEA says ‘unconditionally’ re-opening Hormuz vital to end energy crisis

The head of the International Energy Agency said Tuesday that “unconditionally” opening the Strait of Hormuz to Gulf tanker traffic was essential to ending the shock from soaring oil and gas prices to economies worldwide.

“The single most important solution to this problem is the fully and unconditionally opening up of the state of Hormuz to shipping,” IEA chief Fatih Birol told a press conference.

The deal between Iran and the United States to end the Middle East war calls for the strait to be opened, but Iranian officials have said tolls or “service fees” could be imposed for ships passing through the crucial passage for Gulf oil and gas.

Trump says Iran deal signed but details remain unclear

US President Donald Trump said on Monday a preliminary agreement to end the conflict had already been signed by the US and Iran digitally, ahead of a formal signing ceremony in Switzerland on Friday. However, details of the deal remain unclear, with Trump taking to social media to deny some elements of the agreement that have already been reported in the media, including the existence of a reconstruction fund.

German investor morale jumps sharp after announcement of Mideast peace deal

German investor confidence jumped sharply in June, a key survey showed Tuesday, as the outlook improves for Europe’s biggest economy following the announcement of a US-Iran peace deal.

The ZEW institute’s economic expectations index rose 20.7 points from negative territory in May to reach 10.5.

Analysts surveyed by the financial data firm FactSet had expected the index to rise less sharply and remain in negative territory.

“Financial market experts expect the Iran conflict to be nearing an end,” said the institute’s president, Achim Wambach.

“This is likely to ease the massive pressure on energy prices and inflation, which would benefit energy-intensive industries and private households and would strengthen domestic demand.”

Iran says talks on final US deal to begin this week

Iran said Tuesday that talks with the United States on its nuclear programme and sanctions relief would likely begin later this week, as President Donald Trump said the Strait of Hormuz would “completely open” once the foes sign their deal.

Officials say negotiations over a final deal would take place in a 60-day window after the memorandum of understanding to end nearly four months of war triggered by US-Israeli strikes on Iran is physically signed.

“Likely on Friday, at a location to be determined… a new round of negotiations between Iran and the United States to reach a final agreement will begin,” Iranian Foreign Minister Abbas Araghchi said.

“In the final agreement, decisions will be made on the nuclear issues and the lifting of sanctions.”

According to Iran’s deputy foreign minister, Mohammad Bagher Ghalibaf, the Islamic republic’s top negotiator, will attend the signing in Switzerland.

The US side will be represented by Vice President JD Vance, who said Trump himself might also attend.

Trump says Syria ‘will do the job’ with Hezbollah if Israel unable

US President Donald Trump said Tuesday he had suggested to Israel that Syrian President Ahmed al-Sharaa should deal with Lebanon’s Tehran-backed Hezbollah militia as the Israeli campaign was causing too many casualties.

Praising Sharaa as doing an “amazing job”, Trump said at a G7 summit: “If Israel can’t do the job (against Hezbollah) without killing everyone else, than he (Sharaa) will do the job. Syria will do the job.”

Trump says Iran deal signed but details remain unclear

US President Donald Trump said on Monday a preliminary agreement to end the conflict had already been signed by the US and Iran digitally, ahead of a formal signing ceremony in Switzerland on Friday. However, details of the deal remain unclear, with Trump taking to social media to deny some elements of the agreement that have already been reported in the media, including the existence of a reconstruction fund.

Netanyahu should be more responsible with Lebanon, says Trump

US ​President Donald Trump ​said on Tuesday that he has ​a ‌great relationship with ⁠Israeli Prime Minister ‌Benjamin Netanyahu, but that ⁠he must be more responsible with ​respect to ‌Lebanon.

Trump, speaking at the G7 summit, ‌said he told ​Israel that he did not like its attack ​on Beirut ​and suggested ​that Syria should take care ​of Hezbollah instead of Israel.

Trump says US has ‘no obligation’ to invest in Iran

The United States has “no obligation” to invest in Iran even after its deal with the Islamic republic to end the Middle East war, President Donald Trump said on Tuesday.

“We are not investing any money” in Iran, Trump said at the G7 summit in France after talks with the emir of Qatar, adding that the main focus of the deal was that Iran would not acquire a nuclear weapon and that “all hell” would “rain down” on the country if it did.