US-Iran News LIVE Updates: Trump to release full Iran deal text within days

"If the child-killing army of the Zionist regime does not put an end to its acts of aggression in southern Lebanon, it should await a harsh response from the powerful armed forces of the Islamic Republic of Iran," said the Iranian military's central command Khatam al-Anbiya.

Iran is expected to receive extensive economic benefits under a near-final US deal draft.

The agreement reportedly enables Iran to resume and expand oil sales immediately.

The draft includes access to a massive $300 billion fund for development and economic rebuilding.

Iran is expected to gain eventual access to its frozen overseas financial assets. (Bloomberg)

Hezbollah chief Naim Qassem thanked Iran's top negotiator Mohammad Bagher Ghalibaf for helping end what he called the "Israeli-American aggression" against Lebanon.

The remarks came after the announcement of a US-Iran agreement aimed at ending the wider Middle East conflict, including provisions affecting Lebanon.

In a message to Ghalibaf, Qassem expressed "profound gratitude" for Iran's efforts to secure an immediate and permanent cessation of military operations on all fronts, including Lebanon.

Qassem said Iran had transformed the "only effective glimmer of hope" for ending the conflict into reality.

He described Iran as "the champion of truth and the resistance" for its role in achieving a halt to hostilities.

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The Iran war has exposed significant energy security risks for Southeast Asia, according to a new report by the International Energy Agency.

The report warns that the region's heavy dependence on oil and gas shipments through the Strait of Hormuz leaves it highly vulnerable to geopolitical disruptions.

The IEA described the conflict as a "stark wake-up call" for Southeast Asia's energy security planning.

Energy imports could become substantially more expensive if countries fail to diversify supply sources and routes.

Southeast Asia's annual energy import bill could rise from $80 billion in 2024 to $245 billion by 2035, according to the report.

Iran has said a new round of negotiations with the United States on its nuclear programme and sanctions relief is likely to begin later this week.

Iranian Foreign Minister Abbas Araghchi said the talks could start on Friday, though the location is yet to be finalised.

Araghchi stated that the negotiations aim to reach a final agreement covering both Iran's nuclear activities and the lifting of US-led sanctions.

The talks are expected to follow the signing of a memorandum of understanding (MoU) between the US and Iran aimed at ending nearly four months of conflict.

Iran's top negotiator and parliament speaker, Mohammad Baqer Qalibaf, said Israel must withdraw from what he described as "occupied areas" in southern Lebanon.

Qalibaf made the remarks during a phone call with Nabih Berri on Tuesday.

He stressed that residents of southern Lebanon should be allowed to return to their homes, saying: "The people of southern Lebanon must return to their homes."

The comments come ahead of the planned signing of a US-Iran peace agreement on Friday aimed at ending months of regional conflict.

A US-Iran agreement aimed at ending the Middle East conflict is scheduled to be signed on Friday, June 19.

The signing ceremony will take place at the Bürgenstock Resort in central Switzerland.

Switzerland's foreign ministry confirmed the planned signing date and venue in an official statement.

The luxury resort is located high above Lake Lucerne and is considered highly secure due to its geography, with water on three sides.

Swiss authorities said the venue was proposed jointly by Pakistani and Qatari mediators, as well as by the United States and Iran.

Pakistan and Qatar have played key mediation roles in facilitating talks between Washington and Tehran.

Switzerland said it is serving as a facilitator, providing the logistical and diplomatic conditions necessary for the meeting.

China's Foreign Minister Wang Yi spoke with Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday about the US-Iran peace process.

The conversation took place ahead of the planned signing of a US-Iran memorandum of understanding on Friday aimed at ending the war.

Wang warned that the next phase of negotiations between the United States and Iran would be more difficult than the initial stage.

"It is foreseeable that, compared with the first stage, the second stage of negotiations will be more difficult," Wang said, according to China's foreign ministry.

Pakistan has played a key mediating role in facilitating talks between Washington and Tehran.

Wang stressed that the United Nations Security Council should play a greater role in helping secure a final agreement.

Iranian Deputy Foreign Minister Majid Takht-Ravanchi said the US naval blockade on Iranian ports has been lifted.

The blockade had been in place for approximately two months during the conflict.

Takht-Ravanchi said Iran had prioritised the removal of the blockade from the beginning of negotiations.

"The lifting of the blockade was something we had emphasised from the outset," he said.

The blockade was removed ahead of the formal signing of the US-Iran peace agreement scheduled for Friday.

US-Iran News LIVE Updates: Hezbollah said on Tuesday that it had received assurances from Iran that Tehran would not finalise a nuclear agreement with the United States unless Israel withdrew from Lebanon.

The Iran-backed group said any lasting deal must address the Israeli military presence in southern Lebanon.

US-Iran News LIVE Updates: Iranian First Vice President Mohammad Reza Aref suggested on Tuesday that ships passing through the Strait of Hormuz should contribute financially, saying many vessels had benefited from Iran's "hospitality" without charge.

He also urged Iranians not to allow disagreements over talks with Washington to escalate into domestic divisions.

US-Iran News LIVE Updates: European Commission President Ursula von der Leyen said discussions with Middle Eastern partners focused on restoring unrestricted navigation through the Strait of Hormuz, strengthening supply chains and supporting stability in Lebanon.

She said recent disruptions had exposed vulnerabilities that could be addressed through alternative trade routes and initiatives such as the India-Middle East-Europe Economic Corridor (IMEC), adding that lasting peace in the region requires a stable Lebanon.

US-Iran News LIVE Updates: Trump said on Tuesday that the full text of the agreement with Iran would be unveiled in a formal setting within days.

He said the memorandum of understanding clearly states that Iran will not obtain a nuclear weapon, expressed confidence that the deal's second phase would move quickly, and added that the Strait of Hormuz would be fully reopened by Friday. Trump also said he planned to hold a news conference on the agreement.

US-Iran News LIVE Updates: Iranian state television said on Tuesday that oil tankers and cargo vessels had resumed operations following the agreement with Washington, signalling an easing of the US naval blockade imposed in April. State media reported that several Iranian oil tankers were already sailing in the northern Indian Ocean, while ships carrying essential goods were heading towards Iran's southern ports.

US-Iran News LIVE Updates: Trump said on Tuesday that his relationship with Israeli Prime Minister Benjamin Netanyahu remained "very effective," while stressing that Israel depended on US support.

However, Trump criticised Israel's handling of the conflict with Hezbollah, saying the fighting had dragged on for too long and risked overshadowing the broader agreement with Iran. He also said Lebanon had suffered heavily in the conflict and struggled to defend itself against Hezbollah.

US-Iran News LIVE Updates: Trump said Iran's leadership had become more "rational" following US-Israeli strikes that killed senior Iranian figures. However, analysts say the conflict has instead emboldened hardliners, many of whom view

US-Iran News LIVE Updates: Lebanese President Joseph Aoun and Prime Minister Nawaf Salam on Tuesday called for a permanent ceasefire, the full withdrawal of Israeli forces from southern Lebanon and the deployment of the Lebanese army along internationally recognised borders.

The two leaders welcomed the US-Iran memorandum of understanding as a positive step toward regional de-escalation and discussed preparations for upcoming Israel-Lebanon talks in Washington. Hezbollah also welcomed the agreement but warned against any violations of Lebanon's sovereignty.

US-Iran News LIVE Updates: Qatar said on Tuesday it was cautiously optimistic that the US-Iran framework agreement could pave the way for greater regional security.

Foreign ministry spokesperson Majed Al Ansari said upcoming talks would address issues including Iran's nuclear programme, the Strait of Hormuz, regional non-aggression, proxy groups and missile activities, while cautioning that longstanding disputes would not be resolved quickly.

US-Iran News LIVE Updates: G7 leaders are seeking greater clarity on US President Donald Trump's agreement with Iran, as key details remain unresolved.

While the deal outlines the reopening of the Strait of Hormuz, a 60-day period of nuclear negotiations and an end to the US blockade of Iranian ports, questions persist over maritime fees, the durability of the Israel-Hezbollah ceasefire, Iran's nuclear commitments, the release of frozen Iranian funds and the scope of any reconstruction assistance.

Markets reacted positively to the announcement, though any broader economic benefits are expected to take time.