Here’s the latest:
- US Vice President JD Vance has said that the 60-day negotiating period between Tehran and Washington has begun today and the blockade of Iran’s ports has been lifted.
- Earlier, US President Donald Trump and Iran’s President Masoud Pezeshkian have electronically signed a memorandum of understanding to end the war.
- Israel kills three people in Lebanon as it continues its invasion of the south, despite the inclusion of an end to its occupation in the US-Iran interim agreement.
- Hezbollah chief Naim Qassem has hailed the agreement as a “big victory” and said Lebanon’s negotiations with Israel should be limited to “mutual security” and not the armed group’s disarmament.
The Hawks Are Right That Iran Will Cheat… That’s the Point
The right has reached a verdict on President Trump’s memorandum of understanding with Iran, and the verdict is rage. Ben Shapiro went on Fox News and called the agreement “a disaster.” Erick Erickson, who spent the war defending it, pronounced the deal “an American surrender.” Sen. Ted Cruz warned that handing “billions of dollars to theocratic lunatics who want to murder us is not a good idea” and accused the president of receiving bad advice once again. The hawks are convinced their man capitulated to the mullahs.
Every Dollar Comes With a Leash
Read the financial terms closely and the alarm starts to look misplaced. The Treasury does not terminate sanctions under the memo; it issues waivers, and a waiver is a thing that can be withdrawn as easily as it was granted.
Iran’s frozen funds are not handed over in a duffel bag; their release runs through procedures still to be negotiated. The headline $300 billion that has the commentariat in a froth is not American money at all. As ZeroHedge laid out in detail, it is a proposed private investment fund, financed by Gulf states and multinational firms rather than the U.S. Treasury, and it functions only if sanctions relief, banking access, and a durable settlement actually materialize. Until Iran performs, the pledged capital is, by the fund’s own logic, theoretical.
U.S.-Iran Talks Begin on Implementing Agreement
Trump Personally Signs Iran Agreement at Versailles, Memorandum in Effect
With all the absurd tweets defending the Ayatollah DEAL, this one takes the crown.
— Gazelle غزاله شارمهد (@GazelleSharmahd) June 12, 2026
🔸 “ZERO CASH” (in all caps)
Then immediately admits that billions in frozen funds will be unfrozen for “humanitarian purchases only.” 😂We’ve heard that script before.
Remember the Biden team:… https://t.co/ReCUkI3zpH
Israel:
Israeli Foreign Minister Gideon Saar says he is suspending contact with the European Union’s foreign policy chief, Kaja Kallas, after reports that she compared Israel’s treatment of Palestinians to South Africa’s former apartheid system.
Netanyahu says Israel must protect relationship with US
Israeli Prime Minister Benjamin Netanyahu pressed for the ‘preservation’ of Israel’s relationship with the US. Earlier, US Vice President JD Vance had criticised Israel for its actions in Lebanon and rebuked members of the Israeli cabinet for their criticism of Trump’s deal.