US-Iran War News Live Updates: Trump calls $300bn Iran payment claim ‘Fake News’, says Iran will never have nukes

US President Donald Trump rejected financial reports suggesting Washington would pay Iran $300 million, calling it 'Fake News put out by the Dumocrats' on Truth Social. He also confirmed Iran has agreed to never possess a nuclear weapon, marking the first explicit public endorsement of a key non-proliferation clause in the US-Iran memorandum of understanding (MOU). The deal, set for a formal signing ceremony on June 19 in Switzerland, will officially end the war launched on February 28 by the US and Israel against Iran, which escalated into a broader Middle East conflict. Final negotiations will span 60 days, focusing on nuclear weapons development, remaining sanctions, and UN Security Council and IAEA resolutions. Trump authorized the toll-free reopening of the Strait of Hormuz and the immediate removal of the US naval blockade, leading to a sharp drop in oil prices: US crude fell 4.5% to $80 per barrel, and Brent crude dropped 4% to $83. Vice President Vance clarified that Iran has committed to destroying and disposing of its stockpile of highly enriched uranium, though specifics remain under discussion. Israeli Prime Minister Benjamin Netanyahu stated Israel is not a party to the deal but aligns with Trump’s stance that Iran must not acquire nuclear weapons. However, tensions persist: Israel refuses to withdraw from seized territory in Lebanon, while Iranian Foreign Minister Abbas Araghchi demanded an end to Israeli strikes there and accused Washington of shared responsibility. The agreement’s success hinges on resolving outstanding issues, including Iran’s nuclear stockpile and sanctions relief, amid ongoing geopolitical friction in the region. The 60-day negotiation window begins immediately after the signing in Switzerland.