US President Donald Trump on Monday (local time) said that Iran has agreed to “never have a nuclear weapon” as part of the Washington-Tehran peace deal to end the war which began on February 28. Trump also called a report that said the US is paying Iran $3 million “fake news, put out by the Dumocrats.” “Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats,” Trump said in a post on Truth Social. US-Iran sign peace deal Trump’s comments came hours after the US and Iran signed a preliminary agreement to end the war in the Gulf. Trump’s comments came hours after the US and Iran signed a preliminary agreement to end the war in the Gulf. Trump, US Vice President JD Vance and Iranian parliament speaker Mohammad Bagher Ghalibaf electronically signed the so-called memorandum of understanding (MoU) on Sunday. Though the two sides have said that the ceasefire, which was announced in April, will be extended by another 60 days and the Strait of Hormuz will be reopened as part of the deal, key details, including the future of Iran’s nuclear program, the status of Tehran’s frozen assets, and the lifting of sanctions, still remain unclear. $3 million payment to Iran However, a senior Trump administration official said in a call with reporters that the deal would include a possible $300 billion reconstruction fund for the war-battered country, but the release of funds will be “tied to performance.” Strait of Hormuz to reopen Earlier in the day, Trump also confirmed that vessel movement through the Strait of Hormuz had resumed as part of the US-Iran peace deal. “Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern “Highway,” which is totally safe, secure, and pristine. There are other areas of travel, also,” Trump said on Truth Social. US Vice President JD Vance told CNBC there was an understanding with Iran that the strait would reopen “in a toll-free way for the long term, and that’s the sort of thing that we’re going to figure out in these technical negotiations.” Shipping traffic should return to pre-war levels “over the next couple of weeks” but there had already been a “substantial increase in traffic,” a US official said. What Iran said on Hormuz toll Though Trump has insisted that the Strait of Hormuz would remain open and free, Iran’s foreign ministry said Monday that the deal would allow it to charge maritime service fees on ships, rather than imposing “tolls.” What is next for US and Iran? Following the signing of the initial deal on Sunday, the US and Iran will try to hammer out a full-scale peace agreement within the next 60 days. “We want to put the nuclear discussions up front,” a US official said on the call. Source link Post navigation Juneteenth 2026: From banks, stock markets to post offices and retail stores—Here’s what’s open and closed in the US
