Tehran

The US has paused its two-week bombing campaign against Iran, prompting Tehran to suspend its regional retaliatory attacks.

Omani delegation in Iran to discuss managing traffic in the strait, which has become the main focus of the US conflict.

A delegation from Oman has arrived in Iran to discuss options for managing shipping traffic in the Strait of Hormuz, as the United States and Iran continue attacks.

The Omani diplomats arrived in Tehran late on Friday for talks with Iranian officials on mechanisms governing navigation through the strait, Iran’s state-run IRNA news agency reported.

Control over the strait has become the main focus of hostilities between the US and Iran, with the global economy exposed to rising energy prices due to the closure of the strategically important waterway, through which around 20 percent of oil and gas exports were shipped before the outbreak of the conflict.

IRNA said the delegation’s visit was part of ongoing consultations between Iran and Oman. Iran’s Foreign Ministry said that Foreign Minister Abbas Araghchi held a phone call with his Omani counterpart, Badr Albusaidi.

No details regarding the ideas being discussed were released. However, Tehran has maintained throughout the war that it is open to managing the critical waterway in coordination with Oman.

The US and Gulf states have rejected such a setup. However, Oman holds a strategic position at the entrance and exit to the strait and has historically played a mediating role in regional disputes, maintaining diplomatic ties with both Gulf states and Iran.

“Vital waterways, including the Strait of Hormuz, must remain open and accessible for navigation, free from any measures that would impede freedom of navigation and international trade flows,” Albusaidi posted on X.

Meanwhile, the US and Iran exchanged air strikes for the 14th day in a row, despite efforts to rekindle diplomacy aimed at persuading both to implement the Memorandum of Understanding. It achieved a pause in fighting last month but collapsed, largely due to differences over what was agreed regarding freedom of navigation in the strait.

The crisis has only deepened since Houthi rebels in Yemen declared a naval blockade against Saudi Arabia on Monday, opening a new front.

On Friday, Iran’s military claimed further attacks on US bases across the region, which have been the main target for its fire during the hostilities.

Attacks were reported on bases in Kuwait, Bahrain and Jordan, while a drone crash near Iraq’s Erbil International Airport forced the temporary suspension of flights.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said they targeted US tech giant Amazon’s data centre in Bahrain for “providing intelligence support for the American child-killing army”.

The Houthis have also reportedly continued to target Saudi tankers in the Strait of Hormuz, as well as the strategic Bab al-Mandeb Strait. However, a Houthi spokesman denied the group has shut down the waterway.

The US Central Command said it had concluded air strikes on Iran. Iranian media reported four people were injured in blasts in several cities, including Khorramabad, Jask, Ahvaz and Bandar Abbas, as well as Qeshm Island.

Iran’s Health Ministry said at least 55 people have been killed in recent US attacks and nearly 650 injured.

President Trump says damages will be paid for by Iranian money that the US has ‘in its possession, and controls’.

United States President Donald Trump has pledged to use frozen Iranian assets to pay for any damage to ships and cargo in the Strait of Hormuz, garnering strong condemnation from Tehran.

Tensions between Iran and the US have escalated since the beginning of July as the two sides trade attacks and Tehran targets US military bases in the region.

Washington completed its 13th consecutive night of strikes on Iran late on Thursday, with Trump saying he is considering a “massive attack” on the country, “bigger than ever before”.

Writing on his Truth Social platform on Thursday, Trump said that damages would be paid for by “Iranian Money that the United States has in its possession, and controls”.

“These damages may be very substantial but, nevertheless, this is the fair and equitable thing to do,” Trump added.

Iranian Foreign Minister Abbas Araghchi condemned Trump’s comments and said in a post on X on Friday morning that seizing another country’s assets to “pay for unrelated future claims is an incendiary precedent”.

“Those who celebrate or profit from such funds should remember: once governments normalise confiscation, no one’s assets are safe. Ensuing chaos will not be pretty or peaceful,” he added.

The case of Iran’s frozen assets has been an issue that the two sides had been discussing in the now-collapsed memorandum of understanding (MoU) agreement that was signed between Tehran and Washington in June as a pathway to end the war.

But the US and other governments have “frozen” Iranian assets for decades.

While the exact amount of frozen money belonging to Iran is not known, some estimates put it at about $100bn.

Washington first froze Iranian funds in 1979 after US citizens were taken hostage at the US embassy in Tehran.

At the same time, Trump pledged “major military punishment” for Iran and its Houthi allies on Thursday after the Yemeni fighters struck two Saudi oil tankers in the Red Sea.

But on Friday morning, the Iranian army announced in a statement carried by the state Mehr News Agency that it had launched a new wave of drone attacks on US military installations in Bahrain and Jordan.

Moreover, ship tracking data seen by the Reuters news agency found that the number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7.

The US president’s threat comes after another day of Iranian attacks on Bahrain, Kuwait and Jordan.

United States President Donald Trump says he may launch the largest strikes on Iran yet after Tehran carried out another wave of retaliatory attacks on US allies in the Gulf, including hitting a telecommunications tower in Kuwait.

In remarks to US news website Axios on Thursday, Trump said he was “considering a massive attack” that would be “bigger than ever before”.

“I am close to making a decision. We are all set for it,” Trump said.

The threat raises the stakes yet again in a weeks-long military confrontation in which the US has attacked Iran for 12 straight nights, including hitting bridges and tunnels, according to Iranian media reports.

Iran’s retaliatory attacks have rippled throughout much of the Gulf, sparking fears of a worsening energy crisis.

The spiralling conflict has all but destroyed an interim peace deal signed by the US and Iran last month.

‘Eye for an eye’

Iranian Minister of Foreign Affairs Abbas Araghchi warned on Wednesday that Tehran would retaliate “an eye for an eye” against any future attacks, including those on Iran’s infrastructure.

After another night of US attacks on Wednesday, Iran responded with missile and drone attacks on Jordan, Bahrain and Kuwait on Thursday.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said the attacks in Jordan and Kuwait targeted and hit US military assets.

The IRGC also acknowledged attacking a telecommunications tower in Kuwait, saying it was in retaliation for US attacks on telecommunications towers in Iran.

In a statement addressing the Kuwaiti people directly, the IRGC insisted that the US, not Iran, had breached the Gulf state’s “territorial integrity and sovereignty”.

Later on Thursday, Kuwait said that its Abdali border crossing with Iraq had also come under attack by “hostile drones”.

“The armed forces’ retaliatory attacks will continue as long as the US attacks on the country’s infrastructure and coastal areas continue,” said the Iranian army’s spokesperson, Mohammad Akraminia.

Houthis attack Saudi tankers

Meanwhile, Yemen’s Houthi rebels further expanded the confrontation on Thursday by firing at two Saudi tankers in the Red Sea, leading to broad international condemnation and a spike in global oil prices.

“The situation is getting out of control. It is teetering on the edge of the unimaginable,” United Nations Secretary-General Antonio Guterres told a meeting of the Security Council. “One crisis feeds another. One escalation triggers the next.”

The Houthis have declared a blockade of Saudi Arabian ports, destabilising a second key global shipping route: the Bab al-Mandeb Strait.

The Strait of Hormuz has been effectively shut since the US and Israel launched the war on Iran in late February.

Reporting from Sanaa, Yemen, Al Jazeera’s Yousef Mawry cited Houthi sources as saying that the facilities of Saudi Arabia’s national oil company Aramco “could become a future target” of the Houthis if Riyadh does not lift its own blockade on Houthi-controlled ports.

The international oil benchmark Brent crude surged past $100 a barrel on Thursday for the first time in May, in what analysts said could have an even greater impact on the global economy.

“Much of the world’s spare production capacity has already been used, while strategic and commercial oil inventories are lower than when the war began, leaving the market with fewer buffers against a prolonged supply disruption,” said Janiv Shah, vice president of the Rystad Energy consultancy.

US Secretary of State says Iranian control over Strait of Hormuz sets ‘dangerous precedent’, as attacks continue.

United States Secretary of State Marco Rubio says his country is willing to negotiate an end to the war on Iran but accuses Tehran of not being “serious” about talks.

“The United States remains open and willing to engage in positive and constructive negotiations and discussions, provided that the commitments made are honoured,” Rubio said about Iran at an Association of Southeast Asian Nations (ASEAN) meeting in Manila on Wednesday.

“The problem we’re having right now is that they’re not serious about talks. If they’re serious, we’re serious. If they’re not, then we will do what’s necessary to protect our interests and also the interests of our allies,” he added in the Philippine capital.

This comes as the US launched attacks against Iran for an eleventh consecutive night, with explosions heard in several parts of the country.

As the war continues to disrupt two of the world’s most important routes for the transport of energy, Rubio stressed that he was against Iranian control over the Strait of Hormuz.

“If we create a precedent in the Middle East where a nation state can decide that they are going to control an international waterway, charge a toll, and if you don’t pay them blow up your ships, we have created a very dangerous precedent, which will repeat itself in other parts of the world, including in this region,” he said.

“At its core, it’s very simple. Iran demands the right, which they do not have under any existing legal mechanism, to control the transit of traffic through the Strait of Hormuz,” he said.

“There is a fundamental principle about freedom of navigation that is threatened,” he added. “That cannot be allowed to happen.”

Rubio also discussed the US’s relationship with ASEAN member states, saying it is a matter of national interest for Washington and that the security and prosperity of the US and Southeast Asia are closely interconnected.

“I believe very much that the future and the story of the 21st century will be written in this region and by how events unfold here,” he said.

On Tuesday, US President Donald Trump renewed his threats to, again, attack Iran’s nuclear facilities at Natanz “pretty soon”. Iran promised it would retaliate.

Iran’s Khatam Al-Anbiya military command said in a statement on Tuesday that it would “consider it as an expansion of war in the region” if such an attack were carried out. The statement said it could lead to strikes on “all the interests of America, its allies and supporters”.

Fifty people have been killed and 500 wounded in the recent US attacks on Iran, a health ministry official said.

BEIRUT  — President Trump long railed against forever wars.

For years, whether as president or candidate, he flayed electoral opponents and previous presidents with his signature barbs, calling their entanglements a “complete waste of time” (Afghanistan), “the worst single mistake ever made in the history of our country” (Iraq) and “stupid” (Ukraine).

Yet he now appears to be stumbling into a forever war of his own.

From the first days of the U.S.-Israeli campaign against Iran, Trump and his officials insisted their adventure abroad would be the exception, that the conflict would end in a matter of weeks.

Now, 4½ months later, after a torturous, start-stop vacillation between truce and war, the U.S. is pressing on with a fight that has no end in sight — or even a clear definition of what an acceptable end would be.

In the last week, the ceasefire collapsed, with the U.S. and Iran trading daily waves of strikes, leading to the deaths of two American servicemen on Friday when Iranian ballistic missiles struck Muwaffaq Salti Air Base in Jordan, where U.S. assets and personnel are stationed.

On Sunday, as the U.S. and Iran launched more air assaults, the U.S. announced that a service member was killed Saturday in Iraq during the controlled detonation of unexploded ordnance from a downed Iranian one-way attack drone.

On March 9, the remains of U.S. Army Sgt. Benjamin N. Pennington, 26, of Glendale, Ky., then the seventh U.S. service member to die in combat during the Iran war, are transferred at Dover Air Force Base, Del.

(Julia Demaree Nikhinson / Associated Press)

The deaths in Jordan were the first combat fatalities since the U.S. and Iran agreed to a ceasefire. One soldier remains missing, according to a statement from U.S. Central Command.

Including the most recent casualties, 17 U.S. service members have been killed and more than 430 wounded since the war began, the Pentagon says.

In Iran, at least 57 people have been killed and more than 517 injured in U.S. attacks in the last three weeks, according to Iranian health authorities. The death toll since the beginning of the war has surpassed 3,500, and more than 27,000 have been wounded.

The U.S. and Israeli militaries have — in the telling of Trump and various officials — decimated Iran’s navy and air defenses, eviscerated multiple layers of its leadership and bombed tens of thousands of targets across the country.

Despite that military pressure, and Trump’s insistence that members of Iran’s leadership “want to make a deal” (he’s said that an accord was on hand no less than 46 times since the start of the war), Tehran has refused to surrender its nuclear and missile arsenals and continues to support its regional militia allies.

Iran has also created a new pressure point to use against adversaries by blockading the Strait of Hormuz, the vital waterway through which a fifth of the world’s oil and natural gas flowed before the war. And it has widened the war’s footprint by targeting countries hosting American military assets.

Trump has vowed to expand bombings to include civilian infrastructure such as power plants and bridges in what he says is a bid to force Iran into negotiations once more.

He has also brought additional forces to the Middle East. According to Centcom, there are now 50,000 troops in the region, along with 20 naval warships and hundreds of warplanes.

U.S. Central Command, which oversees operations in the region, declined to comment on the deployments, though on Sunday the New York Times reported that the U.S. was sending to the region F-16 fighter jets from Germany and stealthy F-35 jets from Britain.

For observers, those moves signal that Trump is falling into an escalation trap.

“From Trump’s perspective, the easiest way to demonstrate resolve and power is by just bombing Iran and seeing what that brings about,” said Andreas Boehm, a Middle East expert and lecturer on international law at University of St. Gallen in Switzerland. Although those strikes seem tactically impressive, they have not helped him strategically, he said.

“In reality, it doesn’t change the situation because the Iranians won’t budge. And if you confuse tactical and strategic success, then you’re not going anywhere in any kind of war,” Boehm said.

An escalation on Washington’s part is also certain to spark a similar reaction from Tehran, said Vali Nasr, professor at the Johns Hopkins University School of Advanced International Studies.

“Iran gets a vote here,” Nasr said, adding Iran could up the ante by closing Bab al Mandab, the vital strait connecting the Red Sea to the Indian Ocean. It could also widen attacks on infrastructure in Persian Gulf countries — moves that would trigger an even bigger ripple effect across global markets.

“Trump thought wars in the Middle East would be like Venezuela: a big in-and-out without a prolonged war,” Nasr said, referring to the Trump administration’s strike that saw U.S. forces abduct Venezuelan leader Nicholás Maduro and force the remaining members of his government to submit to U.S. control.

“And the reality is that it’s backfired,” he said.

Trump is not the first American president to think a foreign engagement wouldn’t last long. Whether in Vietnam, Afghanistan or Iraq, U.S. leaders dispatched troops on operations they thought would last weeks or months, dismissing warnings that they would be bogged down in years-long occupations.

Iran would be an especially sticky quagmire if Trump were to commit ground troops.

The country’s area — about 636,000 square miles — is more than double the size of Afghanistan, almost four times the size of Iraq, and five times the size of Vietnam — all nations where the U.S. struggled to prevail against adversaries not as well equipped and arguably less ideologically motivated than its adversaries in Iran.

Meanwhile, for a president whose central foreign policy campaign promise was no more wars, the growing number of casualties, along with the escalating damage inflicted by Iran on U.S. assets and allies, has exposed cracks in the support the Teflon-like Trump has enjoyed from his advocates.

Onetime MAGA acolytes, including flagship conservative figures such as Tucker Carlson, Megyn Kelly and Alex Jones, have already turned on the president over the war and other issues. And Republican figures who had tied their star to Trump fear a drubbing in the midterms so long as the war continues.

If negotiations were to resume, it’s unclear whether Trump and his coterie of negotiators have the stamina or the foreign service expertise to bring about an accord.

After all, the 2015 Obama-era deal aimed at reining in Tehran’s nuclear program took 600 days and hundreds of diplomats and technical experts to negotiate.

With Trump relying on unconventional fixers such as his son-in-law Jared Kushner and real estate investor Steve Witkoff, not to mention his evisceration of the diplomatic corps, an agreement of that scale appears unlikely.

“Everything is dependent on the mood of one man,” Nasr said.

“It’s not the system that’s making the decision; it’s not the country making the decision,” he said. “It’s one man, and it depends how he feels like at one particular point in time.”

Tehran too may be less amenable to negotiations with Trump, given his history: During his first term, he pulled out of the nuclear deal and ordered the assassination of Qassem Suleimani, a leading Iranian general.

In his second term, he launched bombing campaigns on Iran during negotiations — twice. And Iran accused the U.S. of repeatedly violating the April ceasefire and the memorandum of understanding signed in June.

Asked on NewsNation on Sunday about Iran’s announcement that it would no longer abide by the memorandum, Trump said, “I couldn’t care less.”

Such factors, said Ali Vaez, the Iran project director for the International Crisis Group, lead to a formula for prolonged conflict.

“It’s a forever war in the making, and the reason why is that Trump has proven he’s impossible to negotiate with,” Vaez said.

If an agreement as superficial as the memorandum of understanding — which deferred thornier issues for late negotiations — was derailed, then there’s little option other than repeated cycles of violence.

“Once you’ve proven that diplomacy doesn’t work,” he said, “then there’s only war.”

On July 14 the crews of the Mombasa and the Al Bahiyah found out. Two UAE-flagged tankers were hit by Iranian cruise missiles in the southern lane, inside Omani territorial waters, according to the Emirati defense ministry. An Indian sailor was killed and eight others were hurt, six Indians and two Ukrainians, and India summoned Iran’s deputy ambassador the same day. The Revolutionary Guard said the ships had run dark and ignored repeated warnings on a mined route. They had been following the other government’s instructions.

This is what a diplomatic technique looks like when it fails in public.

The technique has a name, and for fifty years the profession has been proud of it. Constructive ambiguity, Henry Kissinger’s phrase, is the art of writing a sentence that lets two enemies sign the same page while believing opposite things. Resolution 242 called for Israeli withdrawal from “territories” occupied in 1967, and the missing definite article has been argued over for fifty-nine years. The Good Friday Agreement left the sovereignty question deliberately unfinished. Ambiguity is not a drafting failure. It is often the only reason a war stops on the day it stops.

The Islamabad Memorandum, signed on June 17 by Donald Trump and Masoud Pezeshkian and brokered by Pakistan, used the same tool. Read Paragraph 5 and you can watch it happen. Iran undertakes to use “best efforts” for the safe passage of commercial vessels “with no charge, for 60 days only,” and to open a dialogue with Oman on the strait’s future administration “in line with the applicable international law and the sovereign rights of coastal states. ” Tehran reads that as recognition that Iran determines safe passage and will price it when the clock runs out. Washington and the Gulf states read best efforts as an obligation to facilitate passage and nothing more. Fourteen points. One waterway. Two meanings, both sincere.

Here is what the drafters missed, and it is the reason the strikes came back and the market is repricing this week. Constructive ambiguity works on questions that can sit still. A border can stay contested for six decades because a border does nothing in the meantime. Sovereignty over Northern Ireland is not exercised on Tuesday at 4 p.m. by a specific person who has to make a call.

A strait is not like that. Before the war, roughly 130 vessels crossed Hormuz every day. That is one ship approaching the disputed sentence about every eleven minutes, each one requiring somebody to physically wave it through or turn it back. Paragraph 5 does not get to be undecided. It gets decided, hundreds of times a day, by a coastal battery commander at Bandar Abbas and a watch officer on a destroyer, neither of whom has the luxury of interpretation.

The memorandum deferred two questions to a second phase. One of them, Iran’s nuclear program, can wait, because centrifuges do not require a daily ruling. The other cannot wait an afternoon. The drafters treated them as the same kind of problem, and only one of them is shooting. JD Vance, who runs the American side of the file, conceded the point on a podcast Wednesday without appearing to notice he had made it: the nuclear negotiations he leads have stalled over the strait.

Everything since follows from that. Six consecutive nights of American strikes. A naval blockade of Iranian ports has been back in force since Wednesday, with a Curacao-flagged tanker disabled by Hellfire missiles fired into its smokestack near Kharg Island. Iran’s ambassador filed a letter at the U.N. listing 42 American violations of a text Trump declared dead on July 8 and Tehran stopped complying with on the 13th, which tells you the memorandum has become useless as a truce and indispensable as a claim. Both capitals still cite Paragraph 5. Neither will be governed by it. They are both telling the truth about a sentence that says two things.

Trump’s week makes more sense in this light than in any other. On Monday he declared the United States “guardian” of the strait and announced a 20% charge on cargo passing through it. By Tuesday the fee was gone, swapped for promises of Gulf investment, after the International Maritime Organization said there is no legal basis for mandatory tolls simply to transit a strait and shipowners refused to play. On Thursday, IRNA reported that Tehran is preparing environmental compensation fees on transiting ships. Both governments have now tried to invoice the same water in the same week, and neither can collect. That is not a strategy, and it is not a neoconservative plot. That is what happens when the document you signed does not contain the authority you thought you had bought.

He said on Tuesday that next week come the bridges. The bridges came Friday. American strikes hit six of them around Bandar Khamir and a railway junction outside Bandar Abbas, cutting Iran’s main port off from the roads inland, and collapsed the control tower at Chabahar. Iran’s health ministry counts 38 dead and more than 400 wounded since the strikes resumed. Even Trump’s own deadlines are now being decided faster than he sets them.

The market is the only participant being paid to read Paragraph 5 honestly, and its verdict is arriving. Brent touched $86 on Tuesday, a one-month high, and held above $85 through a week in which the peace was formally alive. Traffic tells it better than price. Eleven ships crossed on the day Iran declared the strait closed. Seven crossed on Wednesday. Three crossed Thursday, the fewest since May, against 130 a day before the war. One ship every eleven minutes has become one ship every eight hours.

Rory Johnston of Commodity Context makes the harder point, and it deserves more attention than it has received. The stock cushion that absorbed the spring’s supply shock has been drawn down, which means the next shock will not be padded the way the last one was. The price is not high because the war is bad. It is high because the peace is unreadable.

Americans are paying in a currency the ceasefire never touched. Thirteen of the fourteen U.S. service members killed in this war died in March, before any truce existed. What has climbed through every pause is the wounded count, now 414, most of them with traumatic brain injuries. Truces here have reliably stopped the funerals and never stopped the concussions.

The mediators still working the phones in Islamabad, Doha, and Cairo do not need a grand bargain by August 16, when the memorandum’s sixty-day clock runs out and Iran has promised to start charging. They need something duller and much harder. They need to convert one sentence into a procedure: who physically waves the ship through, on whose radio frequency, under whose flag, and with what recourse when someone gets it wrong. Not sovereignty over the strait. Traffic control of it. The nuclear file can keep. The lane cannot.

Iran released an American detainee on Wednesday, which some in Washington read as a hand reaching for a rail. Nobody has set a date for the conversation that would matter. If none is set, the war will not restart in August. It will simply stop pretending to have paused, and a ship’s master off Oman will keep making a sovereign decision on behalf of two governments that refuse to make it for him.

Constructive ambiguity is a loan against the future. Most disputes let you pay it back slowly. Hormuz charges interest by the hour.

The US military has continued strikes against Iran, hitting targets further to the country’s north as well as close to capital Tehran for the first time in the latest round of violence.

US Central Command (CENTCOM) said early on Thursday it struck several military sites and assets in a bid to “further degrade Iran’s ability to threaten innocent mariners” in the Strait of Hormuz. The unit also said it disabled an oil tanker in the passageway.

At least 35 people have died, and more than 300 have been wounded in the latest wave of attacks that began last Wednesday after CENTCOM launched strikes on Iranian port cities close to the Strait of Hormuz. The US says the attacks are in retaliation for Iran hitting three commercial ships in the Strait.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said it targeted US military assets in neighbouring Gulf countries.

Here’s what has happened in Iran and the US on Wednesday and Thursday and what both sides are saying:

Where did the US hit?

CENTCOM said in a statement early on Thursday that US air strikes targeted Iranian command centres, air defence sites, missile and drone capabilities as well as coastal surveillance facilities.

Multiple locations were hit, CENTCOM said, including Bandar Abbas on Thursday.

An earlier wave of strikes late on Wednesday hit coastal defence and cruise missile sites on Greater Tunb Island in a 90-minute bombing wave, CENTCOM added. The small, strategically located island sits near the Strait of Hormuz and is believed to hold a naval base, although details are not publicly available. It is also believed to be a point from which the Iranian military has disrupted shipping routes.

Meanwhile, Iranian media reported attacks in Bandar Abbas, Qeshm Island, Sirik, Chabahar, Konarak, Rask, Khondab, Khorramabad and Semnan.

A hospital in Ahvaz was forced to evacuate 211 patients after reportedly being hit in the strikes.

Air defences were activated in Tehran and neighbouring Pakdasht and Parchin on Thursday.  The Iranian military said an MQ-9 drone was downed over the city of Andimeshk.

CENTCOM, in a separate statement on Thursday, said it was enforcing a naval blockade reimposed on Tuesday by disabling a “non-compliant” oil tanker that was attempting to sail towards Iran’s Kharg Island using Hellfire missiles.

How has Iran responded?

Iran’s army claimed retaliatory attacks on US military assets in Kuwait and Bahrain on Thursday.

Kuwait: The Iranian army said in a statement it targeted radar systems, the Patriot defence system and fuel tanks belonging to US forces at the Ali Al Salem airbase in Kuwait. In an earlier statement, it said it hit a radar and gathering point for US soldiers in Kuwait, as well as US communications systems and fuel depots in Jordan’s al-Azraq airbase.

Bahrain: Drones also targeted US Super Hawk radars and Patriot defence systems at the Sheikh Isa airbase in Bahrain, the army added.

Jordan: Meanwhile, Jordan said it intercepted eight Iranian missiles on Thursday.

Iraq: Iraqi authorities said five drones attacked the city of Erbil, with two crashing near a US base and one shot down near the US consulate. Iran’s army has not claimed the attacks.

What are both sides saying?

Iran’s parliament speaker and lead negotiator, Mohammad Ghalibaf, said on Wednesday Iran is prepared for a fuller military confrontation if the US does not live up to the terms of the interim deal. The country is fighting an “existential” battle, he added.

The IRGC has, meanwhile, threatened to halt all energy exports from the Middle East over the US’s naval blockade, which was reimposed on Tuesday.

“The export of oil and gas from the region will be either for everyone or for no one,” it said in a statement.

Speaking at the US Army War College in Pennsylvania on Wednesday, President Donald Trump reiterated his claims that Iran was pushing to strike a peace deal behind the scenes but did not provide details.

“They don’t like what we’re doing, and they do want to settle. We’ll find out whether or not we settle with them, or we just finish it off,” he said.

However, in a rare show of gratitude on Wednesday, Trump thanked Iran via his Truth Social platform for the release of Dena Karari, an American citizen the US says was “wrongfully” jailed in the country since 2024.

Meanwhile, US Vice President JD Vance, in an interview with podcaster Joe Rogan released on Wednesday, defended the war on Iran but added that an agreement was needed between the two sides to end the conflict.

The United States carried out attacks against Iran for a third consecutive night late on Monday.

Iran has continued to hit targets in the Gulf in several waves of retaliatory strikes on Tuesday, including UAE‑flagged oil tankers in the Strait of Hormuz and US military facilities in Bahrain and Kuwait.

Here is a recap of what has happened on Monday night and Tuesday, and what each side has said.

Where did the US attack Iran?

US Central Command, the military’s regional command known as CENTCOM, said its latest strikes began at 4:45pm ET (20:45 GMT) on Monday and were aimed at degrading Iran’s capacity to attack “innocent civilians and commercial shipping” in the strait.

CENTCOM later announced the conclusion of its strikes and said the latest round of attacks on Iran lasted five hours. It added that US forces “successfully struck military targets across Iran including Bushehr, Chah Bahar, Jask, Konarak, Abu Musa, and Bandar Abbas”.

Iranian state television and semi-official news agencies reported explosions throughout the night across the country’s southern coast, including the port city of Bandar Abbas, and on Kish and Qeshm islands, as well as the town of Jam in Bushehr province.

A projectile that struck western Bandar Abbas caused no casualties, the Fars news agency reported, citing the regional governor’s office.

What areas did Iran target?

For its part, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had launched a wider retaliatory campaign against US allies and interests across the Gulf.

Iran’s Tasnim news agency reported that Iranian forces had struck several “violating” vessels in the strait, and that a US-made drone had been shot down near Bandar Abbas.

The UAE: The UAE said two of its oil tankers had been hit by Iranian cruise missiles in Omani waters in the Strait of Hormuz. The UAE added that one Indian national crew member had been killed on one of the tankers, and eight other people were wounded.

Iran’s Tasnim news agency said the IRGC hit two “offending” oil supertankers, citing an IRGC statement – apparently referring to the two UAE tankers.

Kuwait: The Iranian army said on Monday that it had carried out a drone attack on US military targets in Kuwait. In a statement posted by state broadcaster IRIB, the army said it launched drones at a US Patriot missile system, fuel tanks, a watchtower, an ammunition depot and communication systems.

Bahrain: The IRGC said it targeted “several weapons storage depots, a satellite communications centre, and a building housing US forces” at al-Juffair Base in Bahrain. It also said it had hit the US Fifth Fleet in Bahrain with missiles and drones.

Air sirens have been heard four times in Bahrain on Tuesday so far.

Jordan: Jordan’s army said it shot down four missiles in Jordanian airspace that were fired from Iran, according to the official Petra news agency. After this, the IRGC said it launched ballistic missiles at US forces and key facilities at an airbase in Jordan.

In a message addressed directly to Jordanians, the IRGC insisted that the operation was aimed at the US military presence in the country rather than at Jordan or its citizens. “You know that we hold no animosity toward your country. On the contrary, we deeply love you, the noble people. You understand the pain and suffering of the Palestinian people better than any other nation, and you are aware of the crimes of the Zionist regime in the massacre of 70,000 Palestinians, including 20,000 children in Gaza, carried out with the direct involvement of the United States,” it said.

What have the US and Iran said?

US President Donald Trump formally notified Congress on July 10 that fighting with Iran had resumed on July 7, invoking his authority to keep US forces in combat for another 60 days without lawmakers’ approval.

At a news conference on Monday, Trump said Iran’s offensive capabilities were being dismantled, but he still thinks a “deal is possible” despite the return to open fighting.

Trump also repeated an earlier demand that Gulf nations help cover the cost of protecting shipping, saying Washington was “protecting a very rich portion of the world” and expected to be paid for it.

On Monday, Trump also threatened to “take out” Kuh-e Kolang Gaz La, also known as Pickaxe Mountain, a suspected nuclear site near the Natanz uranium enrichment facility in central Iran.

Meanwhile, the US blockade on Iran, confirmed by the US Navy-led Joint Maritime Information Centre (JMIC), is due to begin at 20:00 GMT on Tuesday.

The US’s blockade covers Iran’s ports and terminals along the entire southern coastline, according to JMIC.

Ebrahim Azizi, the head of the Iranian Parliament’s National Security Committee, has warned that Iran remains steadfast in defending its red lines, following the formal introduction of a bill to manage the Strait of Hormuz.

In an X post on Tuesday, Azizi wrote: “Last night, coinciding with the downing of US drones, the ‘Strategic Action for the Security and Sustainable Progress of the Strait of Hormuz and the Persian Gulf’ bill was formally introduced in Iran’s Parliament. We remain steadfast in defending our red lines, particularly regarding the management of the Strait of Hormuz.”

What is happening to shipping in Hormuz?

Oil prices rose more than 9 percent on Monday, with Brent crude climbing to about $81 a barrel, its highest level since mid-June.

Kpler, the ship-tracking firm, said crossings through the strait fell by about 52 percent between July 10 and July 12, compared with the previous week.

WASHINGTON — A tentative armistice between the United States and Iran reached less than a month ago appeared all but dead Wednesday after the two sides traded fresh military strikes, and as President Trump directed further attacks on the Islamic Republic.

The escalation marked a dramatic turn after the Trump administration spent weeks selling a diplomatic breakthrough with Tehran that proved controversial across the political aisle, lifting oil sanctions and a naval blockade on Iran in exchange for the promise of talks over the status of the Strait of Hormuz and its decades-old nuclear program.

Now, speaking to reporters at the NATO summit in Turkey, Trump said he believed the truce — which diplomats describe as a memorandum of understanding — was “over” and that it was a “waste of time” dealing with Iranian leadership.

“They’re scum. They’re sick people,” Trump said of Iranian leaders, whom he had characterized last month as “very rational people” and “very nice to deal with.”

The president’s dim views of the ceasefire agreement’s fate were shared by Iran’s foreign ministry, which issued a statement on Wednesday saying the American attacks, the reinstatement of a U.S. naval blockade on the Strait of Hormuz, and Israel’s continuing attacks in Lebanon rendered “important and fundamental” parts of the deal “ineffective.”

The truce’s unraveling was underscored by Trump ordering the U.S. military to launch a series of strikes against Iran on Wednesday afternoon to “further degrade their ability to threaten” the commercial shipping through the Strait of Hormuz.

“The United States is holding Iran accountable for recent unjustified aggression against commercial shipping and civilian crews freely navigating a vital international waterway,” U.S. Central Command said in a statement on social media.

Earlier in the day, Trump signaled that the United States planned to “hit them hard” and floated the possibility of taking over Kharg Island, which is vital to Iran’s economy. His remarks quickly prompted oil prices to rise and global stock markets to fall, a worry that Trump acknowledged but which did not seem to sway his decision-making in relation to Iran.

“If we hit Iran, oil goes up a little bit, it is all right,” Trump said. He later added that the United States may “do some other thing that could lift it a little bit, but I don’t think it’s gonna lift it a lot at all.”

As Trump signals the continuation of fighting, his administration has been seeking more than $67 billion in funding to cover expenses related to the Iran war, a request that Congress has not yet approved as lawmakers have been split over the president’s handling of the conflict.

“The American people are paying the price for Trump’s total failure in Iran,” Senate Minority Leader Chuck Schumer (D-N.Y.) said in a statement Wednesday. “Our troops are back in harm’s way and high gas costs are continuing to punish working families.”

The president’s stance on the war marked the latest setback to a fragile truce that has barely held since the 14-page agreement was signed June 17, as the U.S. and Iran engaged over the last few weeks in cycles of attacks and counterattacks.

Trump was noticeably angrier at Iran on Wednesday as he cast doubt over the deal. Last month, Trump had complimented Iranian leadership for trying to reach a peace deal and celebrated the reopening of the Strait of Hormuz, a crucial shipping route for the world’s oil and gas. But based on his remarks, it was clear he was out of patience.

“I am not happy with them,” Trump said. “They’re cuckoo. There’s something wrong with these people. For 47 years, they’ve been the bully of the Middle East and they are not the bully anymore. They are not the bully anymore.”

Trump expressed frustration with Iran’s negotiators and their resistance to abiding by U.S. demands to reopen the strait. When asked if he intended to send troops to Iran, the president dismissed the idea.

“Why would I go in now?” Trump said. “I’d go in when they’re completely eliminated or an agreement is made.”

Still, the president kept the door open for negotiations, saying that his envoys Steve Witkoff and Jared Kushner “want to negotiate.”

“They’re good people, Steve Witkoff, Jared Kushner, but they have to come back to me,” Trump said. “As far as I’m concerned, it’s just a waste of time dealing with [the Iranians]. They’re liars.”

The latest breakdown to the ceasefire followed a now-familiar chain reaction of tit-for-tat attacks, starting with a series of strikes on three oil tankers transiting the Strait of Hormuz on Tuesday, including a Qatari vessel carrying natural gas, according to the United Kingdom Maritime Trade Operations center.

The Qatari tanker was off the coast of Oman when it was hit and caught fire, the maritime monitor said, in what experts say was a move to thwart ships attempting to use an alternate transit route to the one Iran specified. Iran did not claim responsibility, but a report on Iranian state television said the Qatari tanker came under attack after ignoring warnings to turn back.

The two other vessels were damaged but were able to continue to their destination, according to the U.K. group.

Qatar, which has played a vital role in facilitating negotiations between the U.S. and Iran, condemned the attack on its tanker as “unacceptable.”

The U.S. responded with a wave of strikes against more than 80 Iranian targets aimed at “impos[ing] heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” according to a statement from U.S. Central Command. That tally included roughly 60 Islamic Revolutionary Guard Corps small boats in the strait.

Iranian state media said U.S. strikes targeted Sirik, Qeshm Island and Bushehr and Bandar Abbas, while a U.S. drone strike on the port city of Mahshahr killed one Revolutionary Guard member.

Ahead of the strikes, the White House revoked the 60-day temporary license given to Tehran to sell and deliver oil during the truce.

Iran’s military countered with its own strikes on 85 U.S. military facilities in Bahrain and Kuwait; it also shot down an MQ-9 drone, according to a statement on Wednesday.

Kuwait said its military intercepted two ballistic missiles and 13 drones, but that none had resulted in material damage or casualties.

Global oil prices surged 6% on news of Trump’s reversal on the deal, rising to more than $78 a barrel, down from the peak during the war but still above prewar levels.

The renewed violence appeared to have little effect on the funeral for Iran’s Supreme Leader Ayatollah Ali Khamenei, who was killed in an Israeli strike on Feb. 28, in the war’s opening hours.

The funeral, a days-long period of mourning, is set to end on Thursday, when Khamenei’s body will return from Iraq to be buried in the city of Mashhad, his birthplace. Negotiations were to begin once more.

In his remarks Wednesday, Trump said Iranian leaders had asked for a “timeout” to attend the funeral, and that he had promised not to kill them.

“And I said give it to them, and they start shooting missiles,” Trump said.

Whether those talks — which were meant to deal with the thorniest issues between the two countries, including the Strait of Hormuz and Iran’s nuclear program — will go ahead remains unclear. Iran, for its part, maintained a defiant attitude.

“The era of bullying and extortion is over,” wrote Mohammad Ghalibaf, Iran’s parliamentary speaker. “It leads nowhere. We don’t fold.”

Ali Akbar Velayati, a senior advisor to the supreme leader, posted on X that Trump’s policy had “driven the region towards fire.”

“We had previously warned that the region is not a place for the political gambling of small countries, and we have repeatedly proven that adventures are met with an immediate response,” he wrote.

He added that the Axis of Resistance — a reference to Iran’s network of allied groups in Lebanon, Iraq and Yemen — would not be “silent against humiliation and adventurism” and has “its finger on the trigger.”

Bulos reported from Beirut and Ceballos from Washington.

US president says a meeting with Iran will take place in Doha today, but Tehran says there are no plans for talks in the coming days.

Washington and Tehran have agreed to stop attacks and renew talks in the Qatari capital, Doha, Axios reports.

US president threatens to ‘militarily complete the job’ as US strikes Iran over ship attacks.

Several key issues remain as sticking points in US-Iran talks, including maritime security and nuclear oversight.

Iranian fans in Tehran watched their team secure a 0-0 draw against Belgium at the World Cup in Los Angeles, keeping hope alive for an unprecedented chance at the second round. Iran competes under strict US travel restrictions, which forced them to fly back to Mexico within hours of the draw, rather than remaining overnight for recovery.

However, after Iran’s statement, US Central Command (Centcom) spokesperson Tim Hawkins said “traffic continues to flow”. He said US forces were “monitoring the situation to ensure this remains the case”, adding that “Iran does not control the Strait of Hormuz”.

Iranian deputy foreign minister says Iran ‘ready to move forward’ on diplomacy with US, but war must end on all fronts.

WASHINGTON — The White House pushed back Thursday against growing bipartisan criticism of a negotiated settlement to the war with Iran, arguing its concessions to the Islamic Republic were contingent on its conduct and essential to securing peace.

The administration’s defensive posture came as details of the framework agreement, known as a memorandum of understanding, were finally shared with the public, revealing a raft of compromises with Tehran long opposed by Republicans.

Vice President JD Vance, who helped negotiate the deal, told reporters Thursday that the deal was structured to reward Iran for good behavior. But the text of the agreement suggests otherwise.

The Trump administration agreed to release billions of dollars in Iranian assets that were frozen and restricted by the United States “upon the implementation” of the memorandum — before any further actions are taken or additional negotiations begin. The president will issue sanctions waivers on Iranian oil, allowing Tehran to resume trading its most valuable export and breaking with decades of policy. And to facilitate that trade, boosting Tehran’s revenues, Trump agreed to immediately end a U.S. naval blockade of Iranian ports.

Still more concessions were offered to the Iranians, including a commitment by the U.S. administration to establish a fund of “at least $300 billion for the reconstruction and economic development of the Islamic Republic” — in effect providing reparations for the war Trump started.

“All required licenses, waivers and permissions needed for the relevant financial transactions will be granted by the United States of America,” the memorandum reads.

Taken together, the document reads as a stunning reversal of U.S. policy toward Iran after decades of concern across administrations in Washington — including throughout Trump’s two terms — that the Islamic Republic represents the nation’s greatest security threats as the world’s largest state sponsor of terrorism.

Criticism from Republican senators, in particular, has been sharp and swift.

Sen. Roger Wicker (R-Miss.), chairman of the Senate Armed Services Committee, said the $300-billion fund “would make Iran’s payoff under President Obama’s 2015 deal look like a pittance by comparison.” And Sen. Ted Cruz (R-Texas) accused the Trump administration of giving Iran money it would use to kill Americans.

“History demonstrates that giving billions of dollars to theocratic lunatics who want to murder us is an exceptionally bad idea, and I think, unfortunately, the president is receiving some really bad advice on this deal,” Cruz said. “I don’t want to see us send a penny to the ayatollah. And I hope that we don’t.”

The Obama-era deal, known as the Joint Comprehensive Plan of Action, included structured sanctions relief for Iran in exchange for concrete and verifiable steps by Tehran to dismantle much of its nuclear program — a framework that Republicans broadly criticized at the time.

By contrast, Trump’s agreement commits the United States to pursuing economic relief for Iran while providing no clarity about the future of Iran’s nuclear program — the very issue Trump cited as the rationale for launching the war.

The memorandum includes a pledge by Iran to never purchase or construct nuclear weapons — a vow the Islamic Republic has made multiple times before, including by signing the Nuclear Non-Proliferation Treaty, in a religious edict issued by the late supreme leader and in the Obama-era nuclear accord.

Vice President JD Vance speaks to reporters at the White House on June 18, 2026.

(Manuel Balce Ceneta / Associated Press)

Detailed negotiations over Iran’s nuclear program — including whether Tehran could continue domestic uranium enrichment, at what level, and under what monitoring regime — were left for another day.

For more than a decade, the U.S. intelligence community has assessed that Iran sought a threshold nuclear capability, securing the strategic advantages of a nuclear power without incurring the costs of openly pursuing a bomb.

The agreement does include a commitment by Iran to do its “best” to bring commercial shipping traffic through the Strait of Hormuz, a vital international waterway, back to prewar levels. But critics of the president said he had to make deep, historic concessions just to secure a status quo ante upended by the war he started. And in the document, Tehran agreed to refrain from imposing a toll on ships transiting the strait for only a 60-day period.

“Unless you were homeschooled by a day drinker, no one’s confident that Iran is going to do anything,” Sen. John Kennedy, a Republican from Louisiana, told reporters this week.

Sen. Bill Cassidy, Kennedy’s Republican counterpart from Louisiana, called the deal “the worst foreign policy blunder in decades” that would have President Reagan “rolling over in his grave.”

“Iran’s nuclear ambitions were not curbed, and they have learned that threatening the Strait of Hormuz works and will undoubtedly leverage it in the future. Now, Iran gets to build brand-new infrastructure under this deal,” Cassidy said.

“Before the war, the strait was open, Iran was being crushed by sanctions, and 13 service members were still alive,” he added. “Now, 13 Americans are dead, families have paid billions at the pump, sanctions will be lifted, and the bombing has stopped.”

Despite mounting criticism, Trump put his signature to the memorandum on Wednesday night while attending a dinner with the French president in Versailles, a palace infamous for hosting a treaty signing that disgraced Germany at the end of the First World War.

He defended the agreement while in Europe and suggested further concessions might be forthcoming, including recognition of Iran’s claimed right to enrich uranium and a new willingness to tolerate its continued ballistic missile development — another program that Trump had vowed to eliminate as a central war aim.

“He took America to war — killing 13 soldiers, thousands of Iranian civilians and costing taxpayers $60 billion — to get rid of Iran’s missile program. And now that he’s lost the war, he pretends like it’s no big deal,” said Sen. Chris Murphy, a Democrat from Connecticut.

“Just unforgivable,” he added. “What a charlatan.”

Under the MOU, an initial 60-day negotiation period, which can be extended, will begin once the preliminary agreement is signed.

Iran’s Foreign Ministry has said that the signing of a memorandum of understanding in Switzerland, expected to take place on Friday, could take place in the presence of President Masoud Pezeshkian and Donald Trump.

Previously, Iran had said that Washington and Tehran would be represented by Vice President JD Vance and Parliament Speaker and top negotiator Mohammad Bagher Ghalibaf, respectively.

On Wednesday, ministry spokesperson Esmaeil Baghaei told reporters that Iran’s plans “for the Swiss summit have not changed”.

“Regarding the manner of signing the memorandum of understanding, one of the ideas is for it to be done by the presidents of the two countries, which is currently being considered,” he added.

Speaking at the G7 summit in France earlier, Trump said he expected the agreement with Iran to be signed “shortly” without specifying the exact date.

“The deal we reached with Iran on Sunday will be signed shortly, tomorrow [Thursday], maybe the next day [Friday],” Trump told a news conference after previous announcements that it would be signed on Friday in Switzerland.

Hormuz to be ‘restored to normal’

In a statement, Baghaei added that maritime traffic in the Strait of Hormuz will be restored to normal within a defined timeframe, while insisting that outside powers will have no role in the process and that managing that process would be handled by Iran alone.

“This is our own task, and we alone will do it, and there will be no need for participation or intervention from other parties,” he stated.

“Iran and Oman will cooperate to develop a mechanism for managing the Strait of Hormuz, and we will exchange views with other countries in the region wherever necessary.

He said that Iran and the US agreed to “negotiate a final agreement within 60 days”, adding that the naval blockade “must end within 30 days.

A senior US official, briefing reporters on Wednesday, said the MOU establishes a new “minimum” threshold for downblending Iran’s stock of highly enriched uranium and contains measures aimed at safeguarding Lebanon’s “territorial integrity” following Israel’s latest strikes on Hezbollah inside the country.

In exchange, Washington would move to waive, though not fully lift, some of its broad sanctions on Iran once the agreement is signed.

The US-drafted text also guarantees toll-free transit through the Strait of Hormuz for a period of just 60 days, and leaves open the possibility that transit fees could be imposed later, the official added on condition of anonymity.

The US-Iran memorandum of understanding expected to be formally signed in Switzerland on Friday could allow for the establishment of a $300bn investment fund for Iran, as part of a broader settlement to end the war that triggered a global energy crisis and upended markets worldwide.

US Vice President JD Vance told CBS News on Monday that the incentives would be connected to Iran’s “performance” in adhering to the deal, which was digitally signed by both sides on Sunday.

The scale of the financial incentives grabbed the headlines due to US President Donald Trump’s longstanding criticism of a 2015 nuclear accord that he claimed delivered economic benefits to Tehran.

In a bid to manage perceptions around this politically sensitive issue, Trump took to his Truth Social platform to claim that “the story that the US is paying Iran 300 million Dollars is Fake News,” while Vance told CBS News that the money would not be a US payout in exchange for Iran’s enriched uranium.

“When people say that billions of dollars of assets will be released, that’s not true,” the vice president told the CBS Morning programme. “What is true is that Iran will have a much better and much more prosperous future if they meet the obligations they make in this agreement.”

What do we know about the $300bn investment fund?

Vance said the deal “fundamentally extends a hand to Iran and says, ‘Look, if you guys are willing to honour your obligations, if you’re willing to allow real inspections of your nuclear programme, then we will welcome you back into the world economy.’

“That’s the sort of thing they could have access to, funded by the Gulf Coast coalition, so long as they honour their end of the obligation,” Vance told CBS. He also claimed that while US money would not be injected, economic opportunities could arise once Iran repositions itself in the global economy.

The New York Times quoted sources saying the fund would not come from governments but be created for companies eager to invest in Iran.

Muhanad Seloom, a non-resident senior fellow at the Middle East Council on Global Affairs, said the setup was a no-lose solution for Washington. “If Iran reforms, the administration owns the peace; if it doesn’t, the US loses nothing and the Gulf carries the risk,” he told Al Jazeera.

What about the Iranian frozen assets?

Seloom said the idea of an investment fund was built precisely to escape the optics of releasing Iran’s frozen funds. While the exact amount of Iran’s frozen assets is unclear, official Iranian reports and experts have set the total amount at more than $100bn.

Iran’s economy has been crippled due to years of sanctions imposed on the country by the United States and other nations following the Islamic revolution in 1979, and then amplified over Iran’s nuclear and ballistic missiles programmes. These measures have restricted Tehran’s ability to access its own assets, such as revenues from oil sales, which have been frozen in foreign banks.

Tehran was granted sanctions relief in the wake of the landmark 2015 nuclear deal signed under President Barack Obama, but Trump tore it up in 2018 during his first term. The 2015 deal had put limits on Iran’s nuclear enrichment in exchange for sanctions relief.

Iran’s state-affiliated Mehr News agency reported on Sunday that the 14-point draft memorandum of understanding provided for the release of $24bn in frozen Iranian assets.

Pressed by CBS News on the possibility of releasing frozen funds, Vance said the $24bn figure “just doesn’t appear anywhere in any of the texts that we’ve talked about with the Iranians”.

“What we have said is that we’re willing to talk about unfreezing assets, but a much, much bigger deal is unsanctioning their economy – so long as they make the long-term commitments on the nuclear programme,” the vice president added.

For Iran, where the war inflicted an estimated $29bn damage and the population is struggling with the highest inflation rate since 1942, the investment fund may constitute a much-needed lifeline.

But the optics will not be as favourable, raising a “dignity problem”, Seloom said. “Tehran reads this as supervised, conditional money rather than sovereign relief,” the analyst told Al Jazeera.

Which other contentious issues will be discussed after signing the deal on Friday?

One of the US’s main declared objectives has been to assuage concerns surrounding Iran’s nuclear programme, including a stockpile of more than 440kg (970lbs) of enriched uranium.

The memorandum extends an existing ceasefire arrangement for another 60 days, during which the two sides are expected to hold further negotiations on issues including the disposal of the enriched uranium.

Vance said Tehran had agreed to surrender its stockpile, undergo regular inspections and refrain from producing or buying nuclear weapons, but the full text of the memorandum of understanding has yet to be disclosed.

The reopening of the Strait of Hormuz, which has been subject to competing blockades by the US and Iran, has also been a point of contention. Trump suggested an agreement to reopen the waterway had been reached when he announced a deal on Sunday with the words: “Let the oil flow!”

Speaking to CNBC, however, Vance acknowledged that not all sticking points surrounding the passageway had been resolved. “Well, our expectation is that the strait is gonna be opened in a toll-free way for the long term, and that’s the sort of thing that we’re gonna figure out in these technical negotiations,” he said.

Israel’s ongoing aggression on Lebanon is also expected to create friction, as Iran has insisted any ceasefire deal must include the allied nation. Israel has so far rejected any arrangement that would limit its ability to strike what it says are Hezbollah targets. Defence Minister Israel Katz on Friday said the military would continue operating in Lebanon regardless of any agreement with Tehran.

Mixed reactions to the agreement

Iranian ⁠⁠Foreign ⁠⁠Minister Abbas Araghchi said the memorandum of understanding would reap economic benefits for Iran but stressed that Tehran would not rely on those benefits for all of its needs.

“We have a history of broken promises, non-compliance, and the tearing up of agreements,” Araghchi said on Monday, according to Press TV. He said discussions about the lifting of US sanctions and Iran’s nuclear programme would be held during a 60-day period of negotiations following the official signature on Friday.

Iran’s new supreme leader, Mojtaba Khamenei, has yet to comment. Some Iranian observers objected to the timing of the announcement, which coincided with Trump’s birthday. Referring to the assassination of former Supreme Leader Ayatollah Ali Khamenei at the beginning of the US-Iran war, conservative journalist Parisa Nasr wrote on X: “Was giving a birthday gift to the killer of the martyred Leader also one of the unwritten conditions of the deal?”

Iranian President Masoud Pezeshkian said Iran’s Supreme National Security Council had approved the deal so that “America’s genuine commitment to respecting the rights of the Iranian nation could be tested in practice.”

Speaking at the G7 summit in France on Tuesday, Trump described the deal with Iran as “fair”, “good”, and under which Iran “can’t have a nuclear weapon” or “they get blown up.”

Qatar’s Emir Sheikh Tamim bin Hamad Al Thani, who is also attending the summit, said the Iran-US agreement will result in positive outcomes for the region.

“This is a very important deal, there’s still a lot of work to be done, but with this momentum – if we continue like that, Mr President – I think we can achieve and do great things in the region,” Sheikh Tamim said.

US Democratic lawmakers welcomed a deal to halt the war with Iran but stressed that its terms must be made public. Senator Gregory Meeks said “any final agreement must be durable, enforceable, transparent” and more than “vague announcements or political spin”.

US Republican Senator Lindsey Graham on Sunday said he was “pleased” about the deal but also “somewhat concerned that Iran’s view of the agreement seems different than what the American negotiating team is claiming”.

Seloom, at the Middle East Council on Global Affairs, said the different narratives underlined that the two sides were “not really talking to each other”. “They’re talking past each other, to domestic audiences,” he said. “Each side has to sell this as a victory it cannot sell honestly.”

WASHINGTON — President Trump said Sunday that the United States and Iran have reached a framework agreement to end the war in the Middle East, a breakthrough in months of negotiations aimed at ending the conflict.

The deal, described by diplomats as a memorandum of understanding, commits Tehran to forgo the development or acquisition of nuclear weapons in exchange for helping reopen the Strait of Hormuz, and the paced release of its assets frozen overseas, upon the signing of the deal Friday in Switzerland.

Trump said he has also authorized “the immediate removal of the United States Naval blockade” on Iranian imports.

“Ships of the World, start your engines. Let the oil flow!” Trump wrote in a social media post Sunday evening. It was the president’s 80th birthday.

The full details of the agreement have not been released. Many details — including how Tehran would give up, destroy or dilute its fissile material, or whether Iran would continue treating the international strait as its sovereign waters — will continue to be negotiated in the coming days.

Pakistani Prime Minister Shehbaz Sharif said Sunday that mediators are planning to hold a series of meetings this week to “lay the foundation for the technical talks and the official signing ceremony.”

“We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict,” Sharif wrote in a post on X.

The Associated Press reported that negotiations on outstanding issues like Iran’s nuclear program would continue over the next 60 days, according to two senior Pakistani officials who spoke on condition of anonymity.

Vice President JD Vance told Fox News that the White House is “still figuring out the logistics” on whether he or Trump will attend the signing ceremony.

“What we know is that we have a lot of work to do, but a very big win for the American people tonight,” Vance said.”We are just going to keep on working at it, keep on driving energy prices down, keep on ensuring that region of the world is less than a basket case and finally, and most importantly, celebrate, that we can say with confidence Iran will never have a nuclear weapon.”

Iran’s deputy foreign minister, Kazem Gharibabadi, confirmed the agreement on state television but said Iran would not start implementing it until it was signed on Friday. He said the deal followed over 14 hours of talks in Tehran with a representative from Qatar, another mediator.

Iranian state TV showed a banner asserting: “US was forced to sign an agreement to end the war.”

Iran’s commitment to refrain from pursuing nuclear weapons would simply repeat a vow Iran has made several times before, including in its signing of the Nuclear Non-Proliferation Treaty and its nuclear deal brokered with international powers under the Obama administration over 10 years ago.

Iran has 972 pounds of uranium that is enriched up to 60% purity, a short, technical step from weapons-grade levels of 90%, according to the International Atomic Energy Agency. Under the 2015 international agreement with Iran abandoned by the first Trump administration, Iran’s uranium enrichment was capped at less than 4%, monitored by IAEA inspectors.

The vagueness of the new agreement, the demand for further negotiations to flesh out its details, and the pacing of sanctions relief for Iran are all likely to draw criticism of the president, who launched his political career in 2015 by attacking President Obama’s newly signed nuclear deal as a historically bad agreement.

That deal, known as the Joint Comprehensive Plan of Action, followed two years of painstaking negotiations that were predicated on a similar, yet more detailed framework, called the JCPOA.

Defense Secretary Pete Hegseth said in a Sunday morning interview on CBS’ “Face the Nation” that the the difference between the JCPOA and how the Trump administration is handling negotiations is the “threat of military force.”

“The huge difference is we did this from a position of strength,” Hegseth said. “That military might will stay as long as necessary.”

And, as in 2015, Israeli leadership across the political aisle remains deeply skeptical of the agreement, pronouncing they will not be bound by a deal to which they are not a party.

In a phone interview with the New York Times on Sunday afternoon, Trump called Benjamin Netanyahu, the prime minister of Israel, a “very difficult guy.”

“To be honest with you, he should be very thankful to us for doing this. Because if Iran had a nuclear weapon, Israel wouldn’t be around for two hours,” Trump said.

Since the U.S.-Israeli attacks on Iran that started the war Feb. 28, there have been 3,468 confirmed deaths in Iran, according to independent monitors. In addition, 13 U.S. service members have been killed, and the Israeli war with Hezbollah has killed 2,679 in Lebanon as well as 23 Israelis, including eight civilians.