Day: June 17, 2026
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President Donald Trump and Iranian President Masoud Pezeshkian have both signed a ceasefire agreement between the United States and Iran, the White House said Wednesday.
Details of the agreement trickled out as Trump attended the G7 summit in France.
President Trump signed the deal while in Versailles. A White House official later confirmed that Pezeshkian had also signed the agreement.
Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf signed the deal on Sunday, The White House said.
A ceremony was scheduled for Friday in Zurich, Switzerland, which representatives from both countries were expected to attend.
Meanwhile the stipulations of the agreement take “immediate effect,” Pakistan’s premier Shehbaz Sharif said.
The Federal Reserve kept interest rates unchanged Wednesday but signaled they may support an increase in rates later in 2026, if needed to combat persistent inflation.
The stance is a notable change from the Fed’s last quarterly meeting, where none of the bank’s policymakers signaled the need for rate increases. Now, at the halfway point of the year, nine members may call for a rate hike sometime in 2026 and six members suggest two or more may be needed.
The meeting was the first for Kevin Warsh, the newly appointed chair of the agency.
And Luigi Mangione will assert a psychiatric defense at his state murder trial in the killing of UnitedHealthcare CEO Brian Thompson, a judge said Wednesday.
Judge Gregory Carro said Mangione’s lawyers have informed him they will attempt to show that he was suffering from “extreme emotional disturbance at the time of the occurrence.”
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Other Key Takeaways:
Top Iranian officials are using these changes to imply that they have satisfied their key war aims of controlling the Strait of Hormuz and preserving Hezbollah. This demonstrates the degree of ambiguity inherent in this MoU and suggests that the United States and Iran have divergent views of the agreed-upon text.
Iran will likely use renewed economic access under the MoU to reconstitute members of the Axis of Resistance, particularly Hezbollah, during the 60-day negotiation period. Iran has already told Hezbollah that Iran will increase its funding as soon as possible once the United States unfreezes Iranian assets.
The United States reportedly conditioned economic support for Iraqi Prime Minister Ali al Zaydi’s government on its ability to meet several conditions, including disarming Iranian-backed Iraqi militias and dismantling their financial networks. The United States demanded the removal of Popular Mobilization Forces (PMF) leaders associated with Iranian-backed Iraqi militias before integrating the PMF into official Iraqi security institutions, according to political sources speaking to Iraqi media on June 17.

