Iran war LIVE: Trump says deal with Iran going to ‘second stage’; US not investing money in Tehran

US Iran war LIVE: The Indian rupee rose modestly on Tuesday, though scepticism over the longevity of a U.S.–Iran truce and hedging by importers checked any meaningful advance.

The rupee rose 0.1% to 94.6175 against the U.S. dollar as of 11:00 a.m. IST.

The local currency hit an intraday high of 94.53 before slipping, much like on Monday, suggesting importer hedging interest around those levels, a currency trader at a private sector bank said.

While the rupee’s underlying tone has improved following the U.S.–Iran peace deal, uncertainty lingers over its details and durability.

Anil Bhansali, head of treasury at Finrex Treasury Advisors, said markets were awaiting details of the Iran deal, which are yet to be released.

On Monday, U.S. President Donald Trump said Washington and Tehran had signed a preliminary agreement to halt the Gulf war, with both sides adding a permanent truce still needed to be negotiated. The deal would extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz, a conduit for about a fifth of world energy supplies.

via Reuters

US Iran war LIVE: The coach of Iran’s World Cup team said it was ordered to leave the U.S. and return to its training base in Mexico only a few hours after opening its politically charged tournament by playing to a 2-2 draw with New Zealand on Monday night.

Coach Amir Ghalenoei didn’t say who ordered the Iranians to leave earlier than planned. The team had expected to spend the night in California to maximize the normal recovery process after its opening game, only to be told after the match that everyone must immediately get on a plane for the 140-mile trip back to Tijuana.

“They didn’t even give us time to recover,” Ghalenoei said through an interpreter. “After the game today, they said to us, ‘You have to leave immediately.’ It’s very important for us to have time for recovery, (but) we are asked to get on a plane and return to our camp in Tijuana, and we are really troubled by that.”

The Iranians’ World Cup cycle has been in upheaval since the U.S. and Israel began a war against Iran on Feb. 28. Iran ultimately decided to compete even after FIFA rejected its request to move its three group-stage matches out of the U.S.

via AP

US Iran war LIVE: ran on Tuesday honoured the memory of the students who were killed in the February 2026 missile strike on a primary school in Minab.

The country’s football team is competing under the name “Minab 168” and wearing gold pins on their uniforms as an emotional tribute in their FIFA World Cup 2026 campaign

The Spokesperson of Iran’s Ministry of Foreign Affairs, Esmaeil Baqaei, said that Iran’s resilience was built upon the shoulders of the memory and sacrifice of departed souls.

In a post on X, he shared a Lego-inspired video showcasing the heartfelt message, “Iran, with all its wounds, still stands tall, and its children, with broad chests and unwavering resolve, are ready to compete on the world stage. The prayers of a nation accompany the national team on their path; for them, for Iran, and for the raising of this flag, we chant the sacred name «Iran» in unison, and we wish victory and honor for our youth.”

US Iran war LIVE:Prime Minister Narendra Modi is in France to attend the G7 summit on Tuesday and Wednesday, where he is set to meet United States President Donald Trump on the sidelines of the summit. This would be the first meeting between Modi and Trump after the former travelled to Washington in February 2025 to be among the first few world leaders to meet Trump after he was elected for his second term. The meeting also comes amid lingering tensions between the two nations, particularly after Indian seafarers were caught in fire in fighting between the United States and Iran in the Gulf. Read full report here

US Iran war LIVE: Oil prices extended losses on Tuesday, as markets weighed prospects for resumption of supply through the key Strait of Hormuz against shaky physical market drivers and a lack of details from a preliminary deal to end the Iran war.

By 0436 GMT, Brent crude futures fell 25 cents, or 0.3%, to $82.92 a barrel and U.S. West Texas Intermediate inched down 9 cents, or 0.1%, to $80.66 a barrel.

On Monday, oil prices fell nearly 5% to their lowest close since March 4, after U.S. President Donald Trump said a memorandum of understanding was signed to end the U.S.-Israeli war with Iran, though full details have not been made public.

The hostilities led to the closure of the Strait of Hormuz that typically carried one-fifth of the world’s oil supply before the conflict.

Some analysts expect a resumption of supply soon via the Strait, with other factors weighing down physical market prices.

“From here, it likely takes several weeks for tanker flow to be restored,” Morgan Stanley analysts said in a client note.

“We see 50% of production back by September, and 80% by December, slightly faster than before.”

A broad range of indicators had signalled weakness in physical oil markets in recent weeks, they added.

“High U.S. exports and low China imports are the key drivers (and) in the short term (i.e. next weeks) they do not seem to come to an end just yet

via Reuters

US Iran war LIVE: Iran foreign ministry spokesperson Esmaeil Baqaei said Washington must ensure that Israel stops fighting in Lebanon under the agreement.

Lebanon was pulled into the war in early March when Iran-backed Hezbollah launched rockets at Israel after the killing of Iran’s supreme leader, prompting Israeli strikes and a ground invasion.

But Israeli Prime Minister Benjamin Netanyahu said the country’s forces would remain in Lebanon, Syria and Gaza “as long as necessary”.

He said the war with Iran had spared Israel from the Islamic republic’s threat of “nuclear annihilation”, while Israeli figures across the political spectrum criticized the deal.

Lebanese President Joseph Aoun welcomed the agreement during a call with Araghchi, saying he hoped it would be a “positive step towards reducing tensions”.

Lebanese state media later reported the first deadly strike since the announcement, saying the Israeli attack in the south killed one person.

Hezbollah, which thanked Iran for insisting Lebanon be included in the deal, said it had repelled an Israeli force trying to “advance” in southern Lebanon.

via AFP

US Iran war LIVE: Iranian President Masoud Pezeshkian said Israel’s anger over MoU between Iran and the US is a sign of Iran success and victory. “The concern and anger of the Zionist regime (Israel) over this process is a clear sign of the success and victory of the Iranian nation. With divine grace, this path will continue with strength,” Pezeshkian was quoted as saying by Press TV.

US Iran war LIVE: As the United States and Iran work towards signing a peace deal to end the nearly three-month-long conflict in West Asia, US President Donald Trump appeared confident of the agreement as he arrived in France for the 2026 G7 Summit. However, back in Washington, the story is different.

The Trump administration remains doubtful of Iranian intentions towards the peace agreement, Axios reported. CIA Director John Ratcliffe told Trump and other senior officials of the administration about the doubts about Iran’s willingness to stick to the nuclear concessions sought by the US.

Along with Ratcliffe, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth have also raised their concerns regarding the 14-point memorandum of understanding.

“The intelligence reflects that the Iranian intentions are not in line with their commitments under the deal,” Axios said, citing a source familiar with the matter.

However, the report added that Vice President JD Vance, special envoy Steve Witkoff and Jared Kushner are confident and advocated for the deal.

Along with this, scepticism around the deal also reached Capitol Hill.

“I think that my understanding of what it entails — and, again, not having seen anything — it would require, I think the issues are going to be compliance, and how are you going to enforce that,” Senate Majority Leader John Thune told reporters. Read full report here

US Iran war LIVE: Indian equity markets opened in the green on Tuesday, tracking strong performance across global peers and selective overnight gains in US markets.

The BSE SENSEX stood at 76,526.77 points, up by 262.44 points or 0.34 per cent, while the NSE NIFTY 50 gained 70.00 points or 0.29 per cent to trade at 23,923.90 points in early trade.

The initial surge reflects an accumulation of positive domestic sentiment alongside a distinct shift in foreign institutional investor flows.

Ajay Bagga, Banking and Market expert observed that domestic conditions remain supported by structural changes in foreign capital deployment.

“Indian markets are showing a positive bias with FII flows turning positive for the last two trading days. If this trend holds, a big overhang will be removed from the Indian markets,” Bagga said.

Analysing the broader international landscape, Bagga said, “Asian markets are soft this morning as markets mull the contours of the Iran-US deal, the time to recovery of normal tanker traffic from the Gulf and of crude oil prices to stabilise at below USD 70/bbl.”

via ANI

US Iran war LIVE: Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the U.S.-Iran deal is “material”, the chief executive of Japan’s Mitsui OSK Lines told the Financial Times in an interview published on Tuesday.

“What will have to come in place is not just a simple agreement between the relevant countries, but it has to be material and translated into the real situations in the Strait of Hormuz, so that shipping lines can make themselves comfortable to go through,” Mitsui OSK’s Jotaro Tamura said.

US Iran war LIVE: Leaders at the Group of Seven summit of major industrialized nations face a packed agenda on their first full day Tuesday, including challenging discussions on ending Russia’s war in Ukraine and addressing the Middle East crisis. Ukrainian President Volodymyr Zelenskyy will be in attendance at the invitation of host France.

The Ukraine talks come on the heels of US President Donald Trump’s announcement of an agreement to end the 3 1/2-month-old U.S. war against Iran. In recent weeks, the Iran conflict has overshadowed the war in Ukraine that Russian President Vladimir Putin launched more than four years ago.

Trump said he had good conversations on Sunday with both Zelenskyy and Putin. “Now that this (Iran) is finished, we’re going to be focusing on that,” he said, speaking during a bilateral meeting Monday with French President Emmanuel Macron.

via AP

US Iran war LIVE: US President Donald Trump wanted to sign the MoU with Iran ‘personally’, a US official told AFP. “The president wanted to sign it personally because he wanted to show his… dedication to bring this through to a successful resolution,” the official was quoted as saying.

Iran war LIVE: Iran foreign minister Abbas Araghchi has said that talks with the US will be held in Geneva on Friday following the physical signing of the MoU.

“On Friday, a meeting between the heads of the delegations of the two sides is likely to take place in Switzerland, and a MoU between Iran and the US will be signed, followed by the first round of subsequent negotiations,” Araghchi was quoted as saying by Press TV.

Iran war LIVE: Even as US President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the US and Iran, details have yet not been made public.

The agreement would extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz, which Iran has effectively blocked since the US and Israel attacked Iran on February 28.

The deal is the most significant step yet to resolve the conflict, which has killed at least 7,000 people, mostly in Iran and Lebanon, and upended global energy markets.

Vice President JD Vance told CNN that the signed memorandum was only about 1-1/2 pages “and so it is a very general document.” Details will be released over the next two days, U.S. officials said. Vance said it included “a very significant sanctions relief package” for Iran.

US and Iranian officials say it could eventually deliver substantial economic benefits to Iran by lifting sanctions, unfreezing foreign assets and setting up a $300 billion reconstruction fund, paid for by neighboring Gulf states, which host US military bases.

US officials, speaking on condition of anonymity, said Iran would have to satisfy US demands never to build a nuclear weapon and cut off support for militias like Hezbollah in Lebanon in order to get those benefits.

Iran agreed to sharply curtail its nuclear program in a deal signed in 2015 with the US and other countries. Trump withdrew the US from that accord during his first term as president. That agreement allowed Iran to regain billions of dollars in frozen assets, which Trump has frequently derided as sending “pallets of cash” to Iran.

via Reuters

Iran war LIVE: Iran and the US will sign the Memorandum of Understanding (MoU) in Geneva, Switzerland later this week. US Vice President JD Vance will lead technical talks and attend physical signing ceremony of the deal that is set to end months of conflict between Iran and the US.

Iran war LIVE: Iranian Army spokesperson General Mohammad Akrami-Nia warned that any violation of the MoU will be met with ‘swift response’

“We will maintain the level of readiness of the armed forces more than ever before” and “increase our defence capabilities during the agreement period,” Akrami-Nia was quoted as saying by Iran’s IRIB News.

“We have complete distrust in the enemy. We are facing an enemy that has twice bombed the negotiation table and stabbed diplomacy in the back from behind. Therefore, we have no trust in this enemy, and just as during the ceasefire period, we will seriously pursue the path of strengthening our defensive and deterrent power,” he said.

Iran war LIVE: US Vice President JD Vance on Tuesday outlined the framework of US’s emerging agreement with Iran as he asserted that the deal would ensure Iran never acquires a nuclear weapon while opening the door to a potential transformation in relations if the country demonstrates verifiable changes in its conduct.

Speaking to Fox News, he addressed the claims circulating about financial incentives allegedly linked to the deal. Vance dismissed reports that Washington was transferring billions of dollars to Tehran.

“I’ve seen a lot of misinformation out there. I’ve seen $24 billion going from the United States to Iran. That number is totally false, totally made up.”

He reiterated key pointers from the deal–from the reopening of the Strait of Hormuz to oil prices coming down and ensuring Iran never has a nuclear weapon, while leaving open the possibility of improved bilateral ties contingent on verified Iranian compliance.

He told Fox News, “If the Iranians are willing to change their ways and stop trying to build a nuclear weapon, stop trying to fund terrorism all over the Middle East, then we are willing to actually fundamentally transform our relationship with them. That’s what the president has offered. We would need to verify that. We would need to see real progress and real action.”

Iran war LIVE: Iran President Masoud Pezeshkian said that Iran has prepared itself for ‘all options’ even after US virtually signed an MoU and final signing will take place in Geneva later this week. “What has been agreed upon is an important step toward stopping the war and beginning negotiations, and a final agreement has yet to take shape. The Islamic Republic of Iran has prepared itself for all options, and the government’s focus—with or without an agreement—is sincere service to the people,” Pezeshkian wrote on X.

Iran war LIVE: US intelligence agencies have doubts over Iran’s willingness to make the nuclear concessions even as the two sides are seeking a final deal to end months of conflict, CIA director John Ratcliffe has informed President Trump, Axios reported.

Iran war LIVE: After virtual signing of the MoU with Iran, US President Donald Trump said that Iran has agreed to never have nuclear weapons again as he also dismissed reports of the US paying Iran $300 billion under the newly announced peace agreement as “fake news.”

“Iran has agreed to never have a Nuclear Weapon! Also, the story that the US is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!!” Trump wrote on his Truth Social account.

Iran war LIVE: Gold prices were largely steady on Tuesday after rising to a more than one-week high in the previous session, as investors awaited further details on the U.S.-Iran peace deal.

Spot gold was up 0.2% at $4,315.87 per ounce, as of 0231 GMT, after rising as much as 3.6% on Monday to hit its highest level since June 5.

U.S. gold futures for August delivery were down 0.3% at $4,337.10.

U.S. President Donald Trump said on Monday a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.

“We have had a good run in gold prices ever since late Thursday on the Iran news. I think this euphoria rally might last for another few days culminating in Friday’s signing ceremony,” said Edward Meir, an analyst at Marex.

The U.S. dollar held near 10-day lows ahead of the Bank of Japan’s interest rate decision.

via Reuters

US-Iran war LIVE: The Indian rupee’s upward momentum, which has lifted it to a one-month high, is likely to stall on Tuesday with markets assessing the durability of the Iran peace deal and whether the dip in oil prices will be sustained.

The rupee is expected to open largely flat against the U.S. dollar after climbing 0.42% on Monday to 94.71. The currency has rallied 1.1% over the last two sessions to 94.4525, buoyed by a slide in crude oil prices following the Iran‑U.S. peace deal.

“It’s fairly straightforward from here: if the drop in oil holds up, there is room for a move to 93.50 to 94,” a currency trader at a bank said.

“If the drop proves temporary, then it’s back to rupee being under pressure. I am inclined to think that this possibility should not be ruled out in the midst of the current news flow.”

Brent crude on Monday dropped to $82.40, the lowest level in more than three months. The key question for the outlook of the rupee and other emerging market currencies is whether this decline in oil prices will hold, which in turn will largely depend on the durability of the U.S.-Iran peace deal.

Markets on Tuesday settled into a more measured tone on developments in the Persian Gulf after the initial excitement over the agreement between Washington and Tehran began to fade. Oil prices edged higher, while Asian equities and currencies were mostly weaker and U.S. Treasury yields rose.

“Uncertainty remains around the details of the (US-Iran) negotiations and the path around reopening (of the Strait of Hormuz)”, analysts at MUFG Bank said in a note.

via Reuters

US-Iran war LIVE: A supertanker sanctioned for its role in moving Iranian oil is moving toward the Persian Gulf, testing a US blockade that’s been in place since mid-April.

The Tejas was spotted approaching the Gulf of Oman on Monday with its transponder switched on. It’s the first observed sanctioned vessel to approach the area while broadcasting its position since the US and Iran agreed to an interim deal aimed at reopening the Strait of Hormuz. The vessel’s draft suggests it is not carrying cargo.

Most sanctioned vessels have operated with their transponders turned off. The US naval blockade has forced several ships with ties to Iran to alter course and disabled vessels that ignored instructions, making the latest voyage a closely watched indicator of changing enforcement conditions.

On Monday, US President Donald Trump said Hormuz “is already partially opened,” and “it’ll be completely opened” on Friday. A sustained return of sanctioned tankers could offer an early indication of easing access through the strait.

Separately, a Joint Maritime Information Center advisory said measures targeting Iranian shipping will stay in effect until June 19, when the interim deal takes effect.

via Bloomberg

US-Iran war LIVE: Three Iranian oil tankers and two cargo ships have passed through the Strait of Hormuz following the US move to lifted naval blockade on the key energy passage, Iran’s Press TV reported.

The vessels sailed through on Monday evening, marking the first operational victory of the newly finalized memorandum of understanding between Iran and the United States, the report said, adding the vessels had been ‘stranded for months’.

US-Iran war LIVE: The United States said Monday that ships will move toll-free through the Strait of Hormuz under an Iran peace deal signed by President Donald Trump, and insisted Tehran would have to fulfill its commitments before getting any economic benefits.

Trump, US Vice President JD Vance and Iranian parliament speaker Mohammad Bagher Ghalibaf electronically signed the so-called memorandum of understanding (MoU) Sunday, the officials said.

“The president wanted to sign it personally because he wanted to show his dedication to the process,” one of the US officials said on condition of anonymity.

But Vance admitted the brief outline deal kicks the thorniest issues — especially Iran’s nuclear program — down the road.

“The MoU is about a page and a half, so it is a very general document,” Vance told CNN.

He later said on NBC that US and international nuclear inspectors will be allowed back into Iran to help destroy its enriched uranium.

Vance will lead technical talks this week and attend a physical signing ceremony expected in Geneva, Switzerland.

via AFP