Iran-US War LIVE Updates June 23, 2026: US Treasury Department Announces Temporary Easing Of Sanctions

Iran-US War LIVE Updates June 24, 2026: Oil Prices Fall as Strait of Hormuz Reopening Boosts Supply Outlook

Oil prices continued to decline in early trading, hovering near four-month lows amid growing optimism that the reopening of the Strait of Hormuz will help restore global energy supplies.

Brent crude futures, the international benchmark, fell 0.5 percent to $76.71 per barrel at 00:43 GMT. The decline follows a nearly 1 percent drop on Tuesday, when Brent reached its lowest level since early March.

Global energy prices had surged after Iran closed the Strait of Hormuz during the US-Israel conflict, disrupting one of the world's most important oil and gas shipping routes. Prices were further driven higher by attacks on energy infrastructure across the region.

The latest decline reflects expectations that shipping traffic and energy exports will gradually return to normal, easing concerns over supply disruptions.

Iran’s Foreign Ministry said any final agreement with Washington would include a requirement for US forces to withdraw from areas surrounding Iran within 30 days of the deal being finalized.

So far, there hasn’t been any direct statement from Iran on whether inspectors from the International Atomic Energy Agency (IAEA) will be let back into Iran or not.

However, Iran’s Foreign Ministry spokesman Esmail Baghaei has said that Iran did not make any commitments regarding its nuclear programme during the talks in Switzerland.

He noted that any interaction with the IAEA would be under the existing regulations determined by Iran’s Parliament and Supreme National Security Council.

So, Iran is not denying [the potential for future inspections] and eventually it is expected to happen. But some of the issues will be how such inspections are regulated, whether Iran’s Parliament and Security Council will approve them and how to access some of these sites that were bombed.

So, not only legally, but logistically and operationally, there will be many challenges.

Al Jazeera 

Washington, June 23, 2026 [VoM News]: Criticising outgoing British Prime Minister Keir Starmer, US President Donald Trump said that Starmer was “not Churchill” and accused him of failing to support Washington during its conflict with Iran.

Tehran, June 23, 2026 [VoM News]:In a major political twist, Iran has rejected the claims made by the United States Vice President JD Vance that Tehran agreed to allow international nuclear inspectors into the country. As the negotiations were held in Switzerland, and some developments are being reported. READ MORE 

Tehran, June 23, 2026 [VoM News]: With a way forward to improve the shipping flux, Iran have agreed to establish a direct communication mechanism likely a “telephone hotline,” with the United States to help the vessels transiting the strategically important global energy route Strait of Hormuz. READ 

US Vice President JD Vance said Iran agreed to allow nuclear monitors into the country following negotiations held in Switzerland. However, Iranian officials denied making any new commitments regarding international nuclear inspections.

Meanwhile, US President Donald Trump said preventing Iran from obtaining a nuclear weapon remains a higher priority than concerns over the economic impact of prolonged military operations.

The differing accounts highlight continuing disagreements between Washington and Tehran despite ongoing diplomatic efforts aimed at reducing tensions and advancing a potential agreement.

The United States will mediate a new round of talks between Israel and Lebanon beginning Tuesday, aimed at ending ongoing clashes in southern Lebanon between Israeli forces and the Iran-backed group Hezbollah, according to a US State Department official.

The negotiations are part of broader diplomatic efforts to reduce tensions along the Israel-Lebanon border and prevent further escalation of the regional conflict. The talks come amid continued hostilities that have displaced thousands of people and heightened security concerns across the region.

Iran has announced that technical-level talks with the United States in Switzerland have concluded successfully, with the next stage set to involve a high-level political committee overseeing the mediation process.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf defended Tehran’s participation in the negotiations, saying Iranian representatives travelled to Switzerland in an effort to help end the bloodshed in Lebanon.

Meanwhile, Israeli Prime Minister Benjamin Netanyahu, Defence Minister Israel Katz and Chief of Staff Eyal Zamir reiterated that Israeli forces will continue to occupy southern Lebanon.

In a positive development, the United Nations reported that Sunday was the first day since March 2 on which its peacekeepers recorded no air attacks in Lebanon.

Separately, Oman's Foreign Minister Badr Albusaidi reaffirmed his country's commitment to ensuring uninterrupted and toll-free passage through the Strait of Hormuz following discussions with Iranian diplomats in Muscat.