Iran-US war latest: Trump says world would have seen ‘economic catastrophe’ if he didn’t strike peace deal

President Donald Trump has threatened to restart the war in Iran if he doesn’t like the terms of any deal agreed with Tehran.

Speaking from the G7 summit in the French Alps on Wednesday, he said that a memorandum of understanding had not been finalised but that he would go back to “shooting at them and dropping bombs right smack in the middle of their head” if he did not like the agreement.

Trump today hailed the summit as a success and said he would be speaking imminently with Emmanuel Macron before heading home to the US.

It follows the leak of a 14-point document reported to be the same as one digitally signed by the US leader, a US official shared with CNN.

Meanwhile, Israel reportedly struck targets in southern Lebanon again on Wednesday, brushing off warnings from Trump and threatening to derail the US peace process with Iran.

Israeli forces were said to have carried out an airstrike in the Nabatieh district and raids on the town of Nabatieh al-Fawqa, according to Lebanese media and Al Jazeera Arabic.

There was no immediate comment from Israel. Iran has warned of a “hard response” if Israel does not stop its attacks on Lebanon, and Hezbollah says Tehran promised it would not sign the final nuclear deal with the US unless Israel stops.Trump praises ‘amazing’ Netanyahu who ‘gets a little excited sometimes’

Donald Trump has now spoken on Israeli prime minister Benjamin Netanyahu, who he said is an “amazing prime minister”.

The US president had grown increasingly frustrated with Netanyahu after Israel’s continued attacks on Lebanon, which have brought jeopardy to the fragile truce between Washington and Tehran.

“Bibi Netanyahu, who happens to be a good man, gets a little excited sometimes, but he happens to be a very good man who had an amazing partnership. He's been an amazing prime minister,” Trump says.

“We have a little dispute over in Lebanon. I say he can do a little softer touch, you don't have to knock down a building every time somebody walks into it that's from Hezbollah.”

The US president adds that it has been an “amazing partnership”, adding that “we’re the big partner, he’s the very small partner”.

Alex Croft17 June 2026 17:17Trump: We could have continued for two years but wanted to avoid economic catastrophe

Donald Trump is holding a press conference at the G7.

The US president says he could have continued dropping bombs on Iran for two years - but did not want to provoke an “economic catastrophe”.

World leaders have flocked to thank him for ending the war, and have stated that they love the peace deal, he claims.

He also claims that there has been a form of regime change in Iran. “I think they're going to behave much differently. I think they see a different way of life that they would never expose to,” Trump says.

Stay with us for the latest lines.

Alex Croft17 June 2026 17:09Analysis: Netanyahu’s nightmare has become reality with Trump’s Iran deal

As Donald Trump crows about peace in the region, ominous signs are coming from Israel and Hezbollah, writes chief international correspondent Bel Trew:

James Reynolds17 June 2026 17:00Beijing calls for proper handling of Strait of Hormuz

China's foreign minister Wang Yi has said that the issue of navigation through the Strait of Hormuz should be properly addressed, an official Chinese statement showed, following a call with his Iranian counterpart Abbas Araghchi.

Wang also reiterated China's welcome for the memorandum of understanding reached between Iran and the United States, and voiced support for Iran safeguarding its sovereignty and security, according to the statement.

Alex Croft17 June 2026 16:43Recap: Trump’s peace deal to allow Iran to sell oil and fuel immediately in major concession

An emerging peace agreement between Donald Trump and Iran will allow Tehran to begin selling oil and fuel immediately, US officials said, in what appeared to be a major concession from Washington to end the conflict.

The Wall Street Journal reported that Iran would receive sustained relief from sanctions if it abided by key US demands. Officials told the newspaper that they believed “sweeteners” were required for Iran to accept a deal.

James Reynolds17 June 2026 16:30Several Israeli soldiers injured in southern Lebanon, says military

An explosive Hezbollah drone detonated near Israeli soldiers in southern Lebanon, injuring four of them, the Israeli military said in an X post on Wednesday.

A second drone exploded several minutes later, injuring another soldier, the Israeli military added.

Alex Croft17 June 2026 16:09News Analysis: Trump’s Iran hawk backers are not feeling good about ceasefire deal: ‘It all seems bad’

Trump’s biggest backers on the neoconservative right were thrilled by his decision to go to war. But now they’re coming to terms with just how far short of their goals he’s come, writes John Bowden:

James Reynolds17 June 2026 16:00Trump to speak with Macron imminently

Donald Trump says on Truth Social he will be holding a final press conference with Emmanuel Macron from 15:45 UK time today.

He then expects to head to Versailles for dinner with European leaders before heading home.

“The trip was a Great Success but, mostly what people wanted to talk about, is the fact that Iran will not have a Nuclear Weapon, and that the Strait of Hormuz will immediately be opened!” he says.

James Reynolds17 June 2026 15:32G7 leaders demand ceasefire in Lebanon, welcome Iran deal

Leaders of the G7 countries demanded a ceasefire in Lebanon on Wednesday and said they will diversify energy supply routes to reduce dependence on the Strait of Hormuz in response to the war in Iran, as they welcomed an interim deal to end the conflict.

The leaders met for a summit in the French town of Evian-les-Bains on Lake Geneva, while details of the US-Iran ceasefire agreement trickled out of Washington and Tehran ahead of its formal unveiling, expected on Friday across the nearby Swiss border.

"We underline the need for the negotiation ... to address the threats posed by Iran in the region and beyond and ensure that they never obtain a nuclear weapon," the leaders said in a statement.

They also called for an "immediate robust ceasefire" in Lebanon and the disarmament of Hezbollah.

The summit gave U.S. President Donald Trump a chance to present his deal with Iran to major allies Britain, Canada, France, Germany, Italy and Japan.

They mostly share Washington's concerns about Iran's nuclear programme and other issues, but never endorsed his decision to go to war and worry that Tehran gained leverage by withstanding the onslaught and asserting control over the strait.

James Reynolds17 June 2026 15:30Trump says he's ready to go again if Iran doesn't sign a deal

Trump is asked whether he expects Iran to sign the memorandum of understanding to end the war.

“I would think they would do it. If they don’t, that’s okay. Then we have to start the process again,” Trump says.

He again insists the US military has thoroughly defeated Iran’s military and leadership.

Iran is “so ready to make a deal”, he adds.

James Reynolds17 June 2026 15:22