The United States supports Gulf countries contributing hundreds of billions of dollars to Iran, but will not contribute itself, according to Vice President JD Vance.
The subject of funds either given to or made available for Iran has been a primary source of questions as the Trump administration prepares to sign its Memorandum of Understanding with Tehran on Friday.
“That’s the sort of thing they could have access to, funded by the Gulf Coast Coalition, so long as they honor their end of the obligation,” Vance told CBS News on Monday, when asked whether the U.S.-Iran memorandum electronically signed Sunday allowed for a “$300 billion reconstruction fund.”
By a single vote, the Senate shot down a proposal on Tuesday that would have reined in President Donald Trump’s ability to use military force against Iran without Congress’s approval.
The vote fell just one vote short of advancing with 48-47. Republican Senators Susan Collins, Bill Cassidy, Lisa Murkowski, and Rand Paul voted with the Democrats. On the flip side, Sen. John Fetterman (D-PA) crossed the aisle to vote alongside the Republican majority against the bill.
Introduced by Sen. Raphael Warnock (D-GA), the resolution sought to require congressional approval for continued U.S. military action involving Iran. Warnock had urged Republicans to vote for it, arguing that Congress shouldn’t just sit back and let the president make all the decisions on foreign wars.
The vote occurred as lawmakers pressed the White House for details about an agreement Trump announced Sunday between Washington and Tehran that he has promoted as a path toward ending months of fighting.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump declared on Truth Social.
Vice President JD Vance said on CNN the memorandum of understanding between the U.S. and Iran is a “very general document,” spanning about a page and a half, with knotty details on the future of Iran’s nuclear program and other issues left for future talks.
“On a number of issues, we are going to have to figure this stuff out during the technical negotiation phase,” Vance told CNN’s Jake Tapper, referring to the deal’s 60-day window for further talks, which are set to begin Friday.
Senior U.S. officials told reporters earlier Monday they plan to release the full text of the memorandum of understanding in the next 24 to 48 hours.
US-Iran War LIVE Updates: Protests erupted in Iran after a memorandum of understanding was reached with the US to bring peace to the Middle East region, with people calling Iranian leaders Abbas Araghchi and Mohammad Bagher Ghalibaf “compromisers”.
Trump said the deal will be signed by the two sides on Friday in Geneva, after which the Strait of Hormuz will be opened and operated without fees. “Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz,” Trump said, adding later that he did not “think we will need much help” keeping the waterway open. Iran has continued to voice its lack of trust in Washington. Iran’s Deputy Foreign Minister Kazem Gharibabadi said a “final agreement” will be reached within two months, deliberations over which will include aspects like the nuclear programme and Tehran’s $25 billion frozen assets.
The deal has brought differences between the US and Israel out in the open, with Prime Minister Benjamin Netanyahu saying Israeli troops would remain in Lebanon, Gaza, and Syria for “as long as necessary”. He said that the military campaign against Iran had spared his country from the threat of “nuclear annihilation”. He pledged that Iran would never be allowed to acquire nuclear weapons, regardless of the terms of any agreement.
By a single vote, the Senate shot down a proposal on Tuesday that would have reined in President Donald Trump’s ability to use military force against Iran without Congress’s approval.
The vote fell just one vote short of advancing with 48-47. Republican Senators Susan Collins, Bill Cassidy, Lisa Murkowski, and Rand Paul voted with the Democrats. On the flip side, Sen. John Fetterman (D-PA) crossed the aisle to vote alongside the Republican majority against the bill.
Introduced by Sen. Raphael Warnock (D-GA), the resolution sought to require congressional approval for continued U.S. military action involving Iran. Warnock had urged Republicans to vote for it, arguing that Congress shouldn’t just sit back and let the president make all the decisions on foreign wars.
A US-Iran deal aimed at ending the Middle East war will be signed at Switzerland’s mountainside Burgenstock resort on Friday, the Swiss foreign ministry said.
Tehran and Washington announced Sunday they had agreed a memorandum of understanding aimed at ending the conflict, which broke out on February 28 with US-Israeli strikes on Iran and engulfed the Middle East.
“At this stage, the signing is scheduled for Friday, June 19, at Burgenstock,” Switzerland’s foreign ministry said in a statement.
Hundreds of Stanford University graduates staged a walkout during commencement ceremonies over the weekend, openly protesting Google CEO Sundar Pichai as he prepared to deliver the school’s keynote address.
The demonstration highlighted growing hostility toward major technology companies on college campuses, where students have increasingly targeted tech executives over issues ranging from artificial intelligence to military contracts and foreign policy.
US-Iran War LIVE Updates: Protests erupted in Iran after a memorandum of understanding was reached with the US to bring peace to the Middle East region, with people calling Iranian leaders Abbas Araghchi and Mohammad Bagher Ghalibaf “compromisers”.
Trump said the deal will be signed by the two sides on Friday in Geneva, after which the Strait of Hormuz will be opened and operated without fees. “Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz,” Trump said, adding later that he did not “think we will need much help” keeping the waterway open. Iran has continued to voice its lack of trust in Washington. Iran’s Deputy Foreign Minister Kazem Gharibabadi said a “final agreement” will be reached within two months, deliberations over which will include aspects like the nuclear programme and Tehran’s $25 billion frozen assets.
The deal has brought differences between the US and Israel out in the open, with Prime Minister Benjamin Netanyahu saying Israeli troops would remain in Lebanon, Gaza, and Syria for “as long as necessary”. He said that the military campaign against Iran had spared his country from the threat of “nuclear annihilation”. He pledged that Iran would never be allowed to acquire nuclear weapons, regardless of the terms of any agreement.
JERUSALEM — A “catastrophe.” A “bad deal.” An agreement that “throws a lifeline to the murderous regime in Tehran.”
Among Israeli Prime Minister Benjamin Netanyahu’s supporters and critics alike, in the media and on social media, the mood was clear as Israelis woke up Monday to news of a peace agreement between the United States and Iran: President Donald Trump’s deal is not one that many in Israel like. Iran, they say, will remain a threat.
Civil defence and search and rescue teams continue operations in the area after US and Israeli strikes targeted the Enderzgu district of the Iranian capital Tehran.
Fatemeh Bahrami/Anadolu via Getty Images
US and Iranian officials said they had agreed on a framework to end their war.
A $300 billion private fund designed to trigger investment into Iran is outlined in the US-Iran framework agreement.
The fund will not be created or become operational until a final and satisfactory deal is concluded.
Israeli Finance Minister Bezalel Smotrich says Israel has transferred authority over Hebron to the army. It includes control of the key holy site, Cave of the Patriarchs. Al Jazeera’s Nour Odeh explains.
After nearly ten weeks of negotiations, the U.S. and Iran have finally reached an agreement to end the conflict. “The Deal with Islamic Republic of Iran is now complete. Congratulations to all!” President Donald Trump announced Monday morning.
“The Deal with Islamic Republic of Iran is now complete. Congratulations to all!” President Donald J. Trump 🇺🇸 pic.twitter.com/RdSwyEdEtO
Iran has agreed not to build a nuclear weapon and to reopen the Strait of Hormuz, in return the US will release some $25 billion in frozen assets as part of a President Trump-brokered peace deal, according to details released by Tehran on Sunday.
Iranian officials were cautiously optimistic that a deal to finally halt the conflict which has raged for three and a half months, throwing world markets into chaos, was on the horizon.
On Saturday, US President Donald Trump and Pakistani Prime Minister Shehbaz Sharif said a deal would be signed on Sunday and would immediately result in the reopening of the Strait of Hormuz, the crucial chokepoint through which a fifth of the world’s oil supplies flow.
President Trump has promised another peace deal is close to completion with Iran. He assures us the deal offers no nuclear armed options for Iran, who, so far, has not officially agreed to the deal. The President claims a deal should be done by the end of the weekend.
The imminent deal ensuring Iran will never have a nuclear weapon was “the whole purpose” of the war, President Donald Trump explained Thursday at a press briefing announcing that a peace agreement will likely be officially signed in the next few days.
“Just had a big day,” Pres. Trump told reporters, noting that the deal is “subject to finalization of documents” at a signing ceremony expected to take place in Europe, perhaps over the upcoming weekend.
The signing will immediately trigger the end to the U.S. blockade of the Strait of Hormuz, the president said:
“The strait will officially open as soon as we sign, which could be soon, very soon, maybe, over the weekend, in Europe. I won’t be able to be there, but J.D. will be there, the vice president, and some other people.”
U.S. forces have completed a new round of strikes inside Iran, according to U.S. Central Command.
Harder! Faster!
The nerve center of Iran’s most powerful military force just went dark.
U.S. forces have struck and destroyed an IRGC command and control center, hitting Iranian surveillance, communications, and air defense sites across Iran in response to the regime’s downing of a U.S.
Still short of a full-scale resumption of hostilities. Iran International: Donald Trump said 49 Tomahawk missiles had been fired at Iran as he oversaw ongoing US military strikes from the Situation Room, according to Fox News. Trump said the strikes also involved fighter jet bombardment, with the closest target around 40 miles from Tehran. Trump said the bombing would stop shortly but warned that if Iran does not sign a deal, the United States would escalate further attacks (Iran). Wall Street Journal: U.S. military forces were striking air defenses and radar sites near the Strait of Hormuz, a senior U.S. official said. No infrastructure sites were hit, the official said. Iranian state media reported explosions in areas along the Strait of Hormuz, including Bandar Abbas, Qeshm Island and Sirik, and said its air defenses were engaging with U.S. jet fighters. The Pentagon cast the attacks as an act of coercive diplomacy designed to force Iranian concessions at the negotiating table (Wall Street Journal). Noah Rothman: This is the strait opening operation that has been overdue since mid-April (Rothman).
To those of you who did not trust Trump.
The main office of IRGC has been hit hard.
Many leaders dead.
You are witnessing regime change.
Have some faith and stop criticizing the only man who ever helped the people of Iran and supported Israel.
— Afshine Emrani MD FACC (@afshineemrani) June 11, 2026
CENTCOM Announces Completion of Latest Round of Strikes in Iran
From CENTCOM Wednesday night: U.S. Central Command (CENTCOM) forces completed additional self-defense strikes against multiple targets in Iran, June 10, at the Commander in Chief’s direction. CENTCOM forces launched strikes on Iranian military surveillance capabilities, communication systems, and air defense sites across Iran. U.S. Marine Corps, Air Force, and Navy assets fired precision munitions on Iranian targets that posed a threat to U.S. forces and international commercial ships transiting regional waters. The strikes are in response to Iran’s unwarranted and continued aggression. U.S. forces remain vigilant, lethal, and ready (CENTCOM).
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It looks like the war with Iran is nearing a swift and final end!
From the Oval Office, President Trump just announced that a “great settlement” has been reached with Iran.
Next, Vice President JD Vance will likely travel to Europe, where the deal could be signed as soon as this weekend.
Watch this:
🚨 BREAKING: PRESIDENT TRUMP SAYS IRAN WAR IS SETTLED, signing may take place in EUROPE to make it official
Pray for peace! 🙏🏻
“A big day. I know you’ll never be satisfied, but that’s okay. It doesn’t bother me at all. We just made a great settlement of the war with Iran, and… pic.twitter.com/PnhbNYr0J4
BREAKING: PRESIDENT TRUMP SAYS IRAN WAR IS SETTLED, signing may take place in EUROPE to make it official
Pray for peace! 🙏🏻
“A big day. I know you’ll never be satisfied, but that’s okay. It doesn’t bother me at all. We just made a great settlement of the war with Iran, and we’re going to be subject to finalization of documents.”
“We should get done over the next few days. Probably have a signing maybe in Europe, and it’s a great thing.”
President Donald Trump said U.S. forces will hit Iran “VERY HARD TONIGHT” afterIran launched waves of attacks against U.S. bases across the Middle East early Thursday, raising fears that the escalating exchange will bring renewed combat to the region.
Efforts to secure a broader peace agreement between the United States and Iran have reportedly hit a significant obstacle after Tehran demanded access to $24 billion in frozen assets before negotiations can move forward.
The demand has emerged as one of the biggest sticking points in ongoing talks aimed at formalizing a ceasefire and reducing tensions following months of regional conflict.
According to reports, Iranian officials are insisting that billions of dollars in frozen funds be released as a prerequisite for any meaningful progress in negotiations.
IRAN plans to target Elon Musk’s SpaceX and Starlink facilities across the Middle East, including Israel, according to state media.
Companies owned by the Tesla boss will be considered “military targets”, state-owned Fars News Agency reports.
Tesla CEO Elon Musk talks with Nvidia CEO Jensen Huang during a US-Saudi Investment Forum Credit: GettyThe US has launched a wave of new strikes on Iran Credit: Getty
It said: “All interests related to economic holdings managed by Elon Musk in West Asia, including Arab countries and Israel, have been entirely included in the initial list for drafting new targets.
“Iran reserves the right to attack all facilities related to holdings managed by Musk in the region.”
President Donald Trump’s ongoing war with Iran is draining America’s emergency supply of crude oil — which is just days away from hitting its lowest level in more than 40 years, according to a report Wednesday.
Since March, Trump has tapped 66 million gallons of oil from the Strategic Petroleum Reserve to keep exports flowing and prevent Americans from seeing their price at the pumps reach new heights, Fortune said.
The reserve dipped to a 3-year low of 349.2 million barrels on June 5 and is being depleted at a rate of nearly 9 million barrels a week.
Iran Announces Closure Of Hormuz After US Attacks– www.ndtv.com News Source
EXCERPT:
Iran’s military command said Thursday it will target any ship transiting the Strait of Hormuz, after it struck two vessels attempting to pass through the strategic waterway, as talks to end the war faltered.
The United States launched a new wave of attacks against Iran on Wednesday, with President Donald Trump vowing to “hit them hard” after accusing Tehran’s negotiators of “playing us for suckers”.
The Khatam al-Anbiya command said Thursday, “any vessel traffic through the Strait of Hormuz will be targeted” adding that the strait is now “completely closed to all types of vessel”, according to the Tasnim news agency.
Three Indian mariners aboard the Palau-flagged M/T Settebello were killed on Tuesday night when the United States Navy fired on the vessel for ignoring the U.S. blockade on Iran. As the Washington Examiner previously reported, the Navy fired precision strikes at the engine room of the Settebello to disable the vessel. The incident occurred as the U.S. conducted self-defense strikes against Iran for deploying a drone that took down a U.S. Army Apache helicopter on Monday.
Sarbananda Sonowal, India’s minister of ports, shipping, and waterways, announced the casualties in a social media post on X early Thursday morning.
“It is deeply unfortunate to learn of the tragic incident aboard the Palau-flagged MT Settebello,” said Sonowal. “Sadly, three Indian seafarers initially reported missing are now confirmed dead after bodies have been located and identified.”
It is deeply unfortunate to learn of the tragic incident aboard the Palau-flagged MT Settebello. Sadly, three Indian seafarers initially reported missing are now confirmed dead after bodies have been located and identified.
This is a profound loss to our maritime family. The…
— Sarbananda Sonowal (@sarbanandsonwal) June 11, 2026
US Central Command, the US military combat command responsible for Middle East operations, followed up by launching what its press release described as “self-defense strikes against Iran, June 9, at the Commander in Chief’s direction in response to yesterday’s downing of a US Army Apache helicopter.”