LiveUpdated on: Jun 24, 2026 7:46:59 AM ISTUS, Iran news LIVE: The US Senate voted 50-48 to end hostilities with Iran, with four Republicans joining Democrats in a rare break from President Donald Trump. Meanwhile, Trump said any frozen Iranian funds released under peace deal can only be used to buy US food and medical supplies.Key Events4 Mins agoUS, Iran news LIVE: Decline in oil prices as tankers move out of Hormuz12 Mins agoSharif concurs with Pezeshkian missile prog not part of MoU20 Mins agoMissile programme not covered under MoU, says Pezeshkian29 Mins agoUS Senate votes to end Iran war44 Mins agoTrump puts a condition for release of Iran fundsUS, Iran news LIVE: United States President Donald Trump says Iran will only be able to use any funds released from frozen accounts to buy food and medical supplies from the United States.US-Iran war LIVE: In a rebuke to President Donald Trump, the Republican-led Senate voted 50-48 to end US military hostilities with Iran, marking its first effort to halt the conflict. The move comes despite Trump having already reached an interim peace agreement with Tehran. The practical effect of the vote remains uncertain because the resolution relies on the 1973 War Powers Act, a law whose application has long been disputed, reported Bloomberg. The measure requires the US to cease hostilities against Iran unless Congress explicitly authorises further military action.Four Republican senators, Lisa Murkowski, Bill Cassidy, Susan Collins and Rand Paul, joined Democrats in backing the resolution. Democratic Senator John Fetterman voted against it. Republican Senators Mitch McConnell and David McCormick, both of whom had previously supported military action against Iran, did not participate in the vote. The resolution had already cleared the House and, under the War Powers Act, cannot be vetoed by the president. Trump puts a condition on release of Iran funds President Donald Trump said Iran will only be able to use any funds released from frozen accounts to buy food and medical supplies from the United States, addressing a key sticking point in peace negotiations that both sides say are progressing. “The money and/or sanctions that the US Treasury is releasing goes into escrow, controlled by the USA, and will be used for the purchase of food and medical supplies, exclusively from the United States,” Trump said in a post on Truth Social on Tuesday. However, Iran rejected that characterization. Foreign Ministry spokesman Esmail Baghaei said the funds would be available for Tehran to use “freely, in whatever manner it deems appropriate,” rather than being restricted to purchases from the US, according to Bloomberg. Iran has said $12 billion in frozen assets could be released as part of ongoing negotiations, in two equal instalments. The figure was reported by the Mehr news agency, citing Deputy Foreign Minister Kazem Gharibabadi. Washington has not confirmed the amount under discussion. The release of funds is among the issues being negotiated as part of efforts to end the nearly four-month conflict and ensure the continued flow of shipping through the Strait of Hormuz. Oil declines Meanwhile, oil prices extended their decline as more tankers resumed openly transiting the Strait of Hormuz, signalling growing confidence that disruptions to global energy supplies may ease. Brent crude slipped below $77 a barrel after falling 1.1% in the previous session, while West Texas Intermediate traded near $73, according to Bloomberg. Tankers have increasingly been sailing through the strategic waterway with their tracking signals switched on, while the International Maritime Organization said it had received safety assurances that would allow hundreds of vessels to leave the Persian Gulf. The US and Iran have both pointed to early progress in talks aimed at ending the conflict, which began in late February, though negotiations are expected to be lengthy and differences remain over key issues. Adding to the diplomatic developments, Iran and Oman have begun work on an agreement covering the administration of the Strait of Hormuz, including transit costs. The proposal comes amid lingering concerns that Tehran could seek to impose fees on vessels using the crucial shipping route. ...Read MoreFour Republican senators, Lisa Murkowski, Bill Cassidy, Susan Collins and Rand Paul, joined Democrats in backing the resolution. Democratic Senator John Fetterman voted against it. Republican Senators Mitch McConnell and David McCormick, both of whom had previously supported military action against Iran, did not participate in the vote. The resolution had already cleared the House and, under the War Powers Act, cannot be vetoed by the president. Trump puts a condition on release of Iran funds President Donald Trump said Iran will only be able to use any funds released from frozen accounts to buy food and medical supplies from the United States, addressing a key sticking point in peace negotiations that both sides say are progressing. “The money and/or sanctions that the US Treasury is releasing goes into escrow, controlled by the USA, and will be used for the purchase of food and medical supplies, exclusively from the United States,” Trump said in a post on Truth Social on Tuesday. However, Iran rejected that characterization. Foreign Ministry spokesman Esmail Baghaei said the funds would be available for Tehran to use “freely, in whatever manner it deems appropriate,” rather than being restricted to purchases from the US, according to Bloomberg. Iran has said $12 billion in frozen assets could be released as part of ongoing negotiations, in two equal instalments. The figure was reported by the Mehr news agency, citing Deputy Foreign Minister Kazem Gharibabadi. Washington has not confirmed the amount under discussion. The release of funds is among the issues being negotiated as part of efforts to end the nearly four-month conflict and ensure the continued flow of shipping through the Strait of Hormuz. Oil declines Meanwhile, oil prices extended their decline as more tankers resumed openly transiting the Strait of Hormuz, signalling growing confidence that disruptions to global energy supplies may ease. Brent crude slipped below $77 a barrel after falling 1.1% in the previous session, while West Texas Intermediate traded near $73, according to Bloomberg. Tankers have increasingly been sailing through the strategic waterway with their tracking signals switched on, while the International Maritime Organization said it had received safety assurances that would allow hundreds of vessels to leave the Persian Gulf. The US and Iran have both pointed to early progress in talks aimed at ending the conflict, which began in late February, though negotiations are expected to be lengthy and differences remain over key issues. Adding to the diplomatic developments, Iran and Oman have begun work on an agreement covering the administration of the Strait of Hormuz, including transit costs. The proposal comes amid lingering concerns that Tehran could seek to impose fees on vessels using the crucial shipping route. Follow all the updates here:Jun 24, 2026 7:46:58 AM ISTUS, Iran news LIVE: Oil prices fell on Wednesday, extending this week's losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz.Brent crude futures were down 37 cents, or 0.5%, at $76.71 a barrel as of 0043 GMT, and U.S. West Texas Intermediate slipped 36 cents, or 0.5%, to $72.85 a barrel. Both benchmarks declined nearly 1% on Tuesday, touching their lowest levels since early March. (Bloomberg)Jun 24, 2026 7:38:48 AM ISTUS, Iran news LIVE: Pakistan Prime Minister Shehbaz Sharif assured visiting Iranian President Masoud Pezeshkian of Islamabad’s continued support as the two leaders met in Islamabad following the US-Iran truce, which Pakistan has said it helped facilitate.“We will never let you down,” Sharif told Pezeshkian during their meeting on Tuesday. The Iranian president is in Islamabad for talks aimed at strengthening ties between the neighbouring countries.Sharif said Pakistan would continue to play its role as a mediator until a lasting peace is achieved. He also noted that the memorandum of understanding between Iran and the United States does not include any reference to Tehran’s ballistic missile programme.Jun 24, 2026 7:30:14 AM ISTUS, Iran news LIVE: Iranian President Masoud Pezeshkian on Tuesday said the country's missile programme is not covered under the 14-point memorandum of understanding (MoU) with the United States and will not be included in any future agreement.Speaking at a press conference in Islamabad during his visit to Pakistan, Pezeshkian dismissed suggestions that Iran's missile capabilities could become part of negotiations with Washington.According to a video released by state broadcaster Islamic Republic of Iran Broadcasting (IRIB), the Iranian president said, "The discussion over our missiles does not exist in the MoU, and it never will," underlining Tehran's position that its missile programme remains non-negotiable.Jun 24, 2026 7:21:52 AM ISTUS, Iran news LIVE: The Republican-led Senate voted for the first time to end the US war with Iran, breaking with President Donald Trump on an unpopular foreign conflict that has raised Americans’ cost of living, roiled markets and caused global economic fallout.The practical impact of the 50-48 vote Tuesday is unclear, since the president has reached an interim peace deal with Iran and the resolution invokes a legally controversial congressional authority stemming from the 1973 War Powers Act. (Bloomberg)Jun 24, 2026 7:06:09 AM ISTUS, Iran news LIVE: President Donald Trump said any funds released from Iran’s frozen accounts would be strictly limited to purchases of food and medical supplies from the United States, seeking to clarify a key issue in ongoing peace negotiations that both Washington and Tehran say are advancing.“The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States,” Trump said in a post on Truth Social on Tuesday.Home World news US-Iran war LIVE: US Senate votes to pause Iran war in rebuke to Trump amid peace talks