U.S. and Iran Electronically Sign Peace Deal

U.S. Vice President JD Vance revealed that the United States and Iran have "electronically signed" an agreement to end their conflict. The deal was reportedly signed on June 14, ahead of a formal ceremony planned for June 19 in Geneva, Switzerland.

A senior U.S. official indicated that President Donald Trump, Vice President Vance, and Iranian Parliament Speaker Mohammad Bagher Qalibaf were involved in signing a memorandum to end the conflict. It remains unclear if this memorandum is the same document Vance referred to as being electronically signed.

Meanwhile, the New York Post reported internal Republican concerns about Iran potentially receiving substantial funds for reconstruction after the conflict. Vance confirmed that Tehran could access a $300 billion reconstruction fund, but only if it fulfills obligations to cease its nuclear program. He stressed that these funds would not come from the United States.

Vance further clarified that the U.S. would only ease sanctions if Iran takes concrete steps, such as eliminating its enriched uranium stockpile and allowing necessary verification mechanisms to ensure it does not develop nuclear weapons. He noted that the signing would not immediately trigger the release of Iran's frozen assets. Earlier, on June 14, both nations announced reaching a consensus on a peace agreement to end the conflict and reopen the Strait of Hormuz.