Live updates: US-Iran war; Trump says agreement reached with Tehran

Key Points:

• Vice President JD Vance plans to attend the US-Iran memorandum of understanding signing ceremony in Geneva, though President Donald Trump may attend instead; the ceremony is scheduled for June 19 and follows mediation efforts led by Pakistan, Qatar, Saudi Arabia, and Turkey.
• President Trump announced the end of the US naval blockade on Iran and declared that an agreement to end hostilities has been reached, though details remain scarce and Iran has yet to officially confirm the deal.
• The agreement reportedly includes Iran's commitment not to pursue nuclear weapons, reopening of the Strait of Hormuz, and inspections, while sanctions relief may be considered; however, internal Iranian factions show disagreement, and ultimate decisions rest with Iran’s supreme leader and security council.
• Tensions escalated as Israel struck Hezbollah positions in Beirut in response to attacks on northern Israel, prompting sharp rebukes from Trump toward Israeli Prime Minister Netanyahu and warnings from Iranian officials about Lebanon’s strategic importance.
• Despite the ceasefire agreement, oil prices are expected to remain elevated through summer due to ongoing regional instability and depleted US strategic reserves, with experts warning that a failure to finalize the deal could further spike energy costs.