TLDR
- Trump says Iran has agreed to long-term nuclear inspections, Iran denies this
- The U.S. lifted its naval blockade of the Strait of Hormuz
- 19 million barrels of oil flowed through the strait on Monday, oil prices fell after the news
- Sanctions on Iran waived for 60 days starting Monday
- Released funds go into U.S.-controlled escrow, used only to buy American food and medical supplies
President Donald Trump announced on Tuesday that Iran has agreed to long-term nuclear inspections as part of a new peace agreement. He posted on social media that Iran has “fully and completely agreed to highest level Nuclear inspections long into the future.”
🇺🇸 PRESIDENT TRUMP JUST POSTED THIS:
"Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!)."
"I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade." pic.twitter.com/loihj3aA1p
— Evan (@StockMKTNewz) June 23, 2026
Iran has denied this. Tehran said it has not begun discussions on its nuclear program and has not agreed to invite International Atomic Energy Agency inspectors back into the country.
Trump said the level of access would ensure what he called “Nuclear Honesty.” He added that without such commitments, there would be no further negotiations between the two countries.
U.S. Lifts Strait of Hormuz Blockade
The United States lifted its naval blockade of the Strait of Hormuz as part of the agreement. The strait is a key waterway for global oil shipments.
Trump said 19 million barrels of oil flowed through the strait on Monday. Oil prices fell following the announcement that the blockade had been lifted.
American naval vessels will remain in the region. Trump said reinstating the blockade is “highly unlikely” at this point, but the ships will stay as a precaution.
The U.S. waived sanctions on Iran for 60 days starting Monday. This followed the first round of talks under what is described as a nascent peace deal.
Funds to Be Used for Food and Medical Aid
Any funds released under the sanctions relief will go into escrow under U.S. control. Trump said the money can only be used to purchase food and medical supplies, and only from the United States.
Those purchases will include corn, wheat, and soybeans from American farmers. Trump described the situation inside Iran as a humanitarian crisis.
“These are things that are desperately needed by Iran,” Trump wrote. “I feel it is necessary to help, NOW, before it is too late.”
The arrangement means Iran cannot freely access the released funds. Washington retains control over how and where the money is spent.
The deal is still in its early stages. Iran’s public denial of the nuclear inspection agreement suggests the two sides may not be fully aligned on the terms.
As of Tuesday, the strait remains open to commercial traffic. The U.S. has not announced any timeline for a formal written agreement.
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