Monday, June 15, 2026

The Iranian Deal

According to Trump, he has made a deal to end the fighting in the Middle East. Unfortunately, no one has seen the text of the deal and we're hearing contradictory things from Trump and JD Vance.

The best I can make of it is:

(1) The Strait of Hormuz gets opened but it's unclear if there will be tolls or not.

(2) If Iran doesn't rebuild its nuclear capability then it get access to money? I'm reading between the lines here.

(3) If it does rebuild its nuclear capability then it doesn't get access?

(4) The Gulf States and the US, according to JD Vance, are putting together a $300 billion fund to help rebuild Iranian infrastructure. I assume this is the money they get access to plus the $100 billion currently frozen but I'm not sure. Trump has denied that such a fund exists.

(5) If the Israelis keep attacking Lebanon then the deal is off, and the Israelis haven't agreed to stop doing so because they're not signatories to the deal.

As you can see from the above, I don't really know a whole hell of a lot and apparently neither do the Israelis who claim they haven't seen the deal either.

More to follow when more information is available.

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