US and Iran deal to end war allows Tehran to sell oil and fuel – as it happened

Photograph: Kawnat Haju/AFP/ View image in fullscreen A woman makes her way through the rubble of her home as residents return to the southern village of Srifa, Lebanon on 16 June, 2026. Photograph: Kawnat Haju/AFP/ From 14h ago The US will allow Iran to immediately start selling oil and fuel again as part of the deal to end the war, the Wall Street Journal reported, citing sources familiar with the matter. Iran can only sell oil if they keep to the terms of the deal, as US official told Reuters. It includes the free flow of navigation in the strait of Hormuz and not obtaining an nuclear weapon. Such a move is likely to be controversial with many politicians and lawmakers opposed to offering Iran financial relief. It comes as oil prices sunk again on Tuesday, pulling back to $80 per barrel for the first time since early March, while the US stock market drifts near its all-time high. Negotiations will continue for a 60-day window after the ceremony, officials told AFP, leading to a plan for the lifting of economic sanctions and decisions on the fate of Iran’s nuclear programme. 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 confirmed to AFP. The site, located near Lucerne in central Switzerland, is difficult to access and therefore easily secured. It “was proposed , as well as ”, Switzerland’s foreign ministry said. Trump said that he would send the deal with Iran to the US Congress for a review. “I like the idea, send it to Congress please,” he said at the start of a meeting with the UAE president Sheikh Mohammed bin Zayed Al Nahyan on the sidelines of the G7 summit. “I mean who wouldn’t approve it.” Speaking at the G7, US president Donald Trump has said the strait of Hormuz will be open a “formal setting”. Trump also said he expects the “second stage” of the deal “to go quickly”. The US will allow Iran to immediately start selling oil and fuel again as part of the deal to end the war, the Wall Street Journal reported, citing sources familiar with the matter. Iran can only sell oil if they keep to the terms of the deal, as US official told Reuters. It includes the free flow of navigation in the strait of Hormuz and not obtaining an nuclear weapon.