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Trump Says Iran Deal Opens 60-Day Talks, Reopens Strait of Hormuz

The interim deal starts a 60-day negotiating clock and lifts the naval blockade as officials say talks will decide Iran’s nuclear limits.

  • On Wednesday, June 17, 2026, President Donald Trump signed a 14-point Memorandum of Understanding with Iran at the Palace of Versailles, establishing a 60-day negotiation window and immediately reopening the Strait of Hormuz.
  • Rising conflict disrupted global fuel supplies, costing American consumers nearly $60 billion, prompting Trump to negotiate the agreement to prevent a global economic depression.
  • Financed by regional partners, the agreement includes a $300 billion reconstruction fund for Iran and initiates sanctions waivers allowing oil exports while nuclear negotiations continue.
  • Trump insisted the outcome amounts to Iran's "unconditional surrender," though former national security adviser Susan Rice called it a "jaw-dropping, horrific surrender document" citing financial concessions.
  • Negotiators face a mid-August deadline for a final accord, coinciding with midterm election campaigning, while decades of mutual distrust since the 1953 removal of the Iranian government complicate diplomatic efforts.
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Trump raises pressure on Iran in public speech aboard new presidential plane, warning that he could resume military operations against Iran if an agreement is not reached within 60 days, and as a result, oil shipments through the Strait of Hormuz could resume

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– We have 60 days. We have to make a deal, otherwise we will do things that will not make them happy, says Trump. The statement comes after the US and Iran opened for new negotiations on Tehran's nuclear program and the security of the Strait of Hormuz - one of the world's most important oil transportation routes. At the same time, Trump boasted about the US military's previous operations against Iran.

·Stockholm, Sweden
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theoccidentalobserver.net broke the news on Thursday, June 18, 2026.
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