June 18, 2026
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8:15Now PlayingA US-Iran agreement to extend the ceasefire between the two countries has been signed and is now in effect.
President Donald Trump formally signed the deal - which is set to reopen the Strait of Hormuz - while attending the G7 summit in France.
The 14-point agreement says that Iran will never have a nuclear weapon, and also commits a $300bn fund for the "reconstruction and economic development" of the country - although the US is not required to contribute.
The BBC's Caroline Hawley explains what you need to know about the agreement.
Subscribe to our channel hereFor the latest news download the BBC News app or visit BBC.com/news
#Iran #US #USIranAgreement #BBCNews
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