Brief by Shorts91 Newsdesk / 09:22am on 18 Jun 2026,Thursday International
US President Donald Trump and Iranian President Masoud Pezeshkian have signed an initial agreement aimed at ending the conflict between the two countries and opening the path to a broader peace deal. The 14-point memorandum includes plans for further negotiations over the next 60 days to reach a final settlement. As part of the agreement, the Strait of Hormuz will reopen, easing concerns over global energy supplies. The deal also outlines a $300 billion reconstruction plan for Iran. Following the announcement, oil prices fell by about 2%, with Brent crude dropping to $75 a barrel. However, key questions surrounding Iran’s nuclear programme remain unresolved. (PC: BBC)
