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Economics3h 8m ago

President Donald Trump stated the U.S. is near a deal with Iran to conclude the war, with a memorandum of understanding possibly signed in Europe this weekend.

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Washington, U.S., Europe, Strait of Hormuz, Iraq, Lebanon

Who
President Donald Trump, Trump administration, Iranian officials, Israeli Prime Minister Benjamin Netanyahu
What
President Donald Trump stated the U.S. is near a deal with Iran to conclude the war, with a memorandum of understanding possibly signed in Europe this weekend.
When
Fri, 12 Jun 2026 18:53:06 GMT · 3h 8m ago
Where
Washington, U.S., Europe, Strait of Hormuz, Iraq, Lebanon ·
Why
The war has taken a toll on the global economy, tested alliances, and raised questions about its planning, justification, and aftermath.
The Frontline Impact

How this affects you

The potential deal could alleviate pressure on global oil and natural gas prices by reopening the Strait of Hormuz, which currently controls 20% of the world's supply. However, it faces challenges regarding Iranian proxy groups and Israel's ongoing conflict with Hezbollah.

Story chain

11 events in this thread
  1. Economics1h 59m ago
    U.S. stocks ended higher on Friday afternoon as investors held out hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut.
    Open article
  2. Economics1h 59m ago
    U.S. stocks climbed Friday, buoyed by hopes of a U.S.-Iran peace deal and the historic debut of SpaceX.
    Open article
  3. Economics1h 59m ago
    U.S. stocks ended higher on Friday afternoon as investors held out hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut.
    Open article
  4. Economics1h 59m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  5. Economics1h 59m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  6. Economics1h 59m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  7. Economics1h 59m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  8. Economics1h 59m ago
    U.S. Ambassador to the United Nations Mike Waltz said Gulf allies are backing President Donald Trump’s blockade and economic pressure campaign against Iran.
    Open article
  9. Economics2h 17m ago
    The dollar index (DXY00) ended the day little changed on Friday as markets assessed various economic indicators and hopes for a near-term US-Iran agreement.
    Open article
  10. Currently Reading3h 8m ago
    President Donald Trump stated the U.S. is near a deal with Iran to conclude the war, with a memorandum of understanding possibly signed in Europe this weekend.
  11. Economics3h 8m ago
    President Donald Trump said the U.S. is close to signing a deal with Iran to wind down the war, with a memorandum of understanding to be signed in the coming days.
    Open article

Verified Sources & Citations