Trump rebukes Iran deal critics as “fools” after accord signed on June 18, 2026

Trump and Iran’s president signed an agreement to end the West Asia war, with the Strait of Hormuz set to reopen immediately. After the announcement, oil prices fell more than 3% in a single day, extending losses since the weekend. The accord also includes an immediate U.S. waiver of oil sanctions on Iran and a pledge to facilitate a $300 billion reconstruction fund once a nuclear agreement is reached. A 60-day technical negotiating period will focus on Iran’s nuclear program, ballistic missiles and regional activities, though the ballistic-missile issue is not included in the text.