Iran and the U.S. Make a Deal. What Now?
6/18/202616 min
A.M. Edition for June 18. WSJ national security reporter Alex Ward has the latest on the deal, what it means for the opening of the Strait of Hormuz, Iran’s nuclear program and Israel’s reaction. Plus, WSJ energy reporter Rebecca Feng says that oil prices have dropped on the news that the U.S. deal will lift sanctions on Iranian oil exports. And Intel’s stock soars to an all-time high pre-market after President Trump says Apple will work with Intel to design and build chips in the U.S. Luke Vargas hosts.
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Luke Vargas· Host0:29
[upbeat music] The US and Iran sign a peace deal. We'll get the latest on the fate of Iran's nuclear program, what Israel makes of the deal, and how the agreement could turbocharge Tehran's oil revenues.
Rebecca Fung0:45
Iran's oil facilities haven't been damaged very, very dramatically, and also Iran is a country that can actually bring back oil production fairly quickly.
Luke Vargas· Host0:55
It's Thursday, June 18th. I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today. [upbeat music] President Trump is back in the US following a surprise move to ink an agreement to end the Iran war over dinner last night at the G7 Summit in France. Journal national security reporter Alex Ward has been reporting from the summit and is now in Switzerland, where negotiations are set to continue. Alex, what is the current situation? It seems like