Trump to Send Interim Iran Deal to Congress Amid Sanctions Relief Uncertainty and Regional Threats

President Donald Trump has shifted his stance regarding the secret interim memorandum with Iran, announcing on June 16 his intention to submit the document to Congress for formal review. This move comes amid growing pressure from lawmakers and questions over whether the Iran Nuclear Agreement Review Act mandates congressional oversight before sanctions can be eased. While the full text remains classified, reports indicate the deal would allow Tehran to immediately resume global oil sales and access banking and insurance services, potentially supported by a $300 billion private investment fund. On the ground, the diplomatic opening is being tested by continued military friction. Iran’s top joint military command has threatened Israel with a 'hard response' if operations in southern Lebanon persist, signaling that proxy conflicts remain a flashpoint despite progress on maritime issues. President Trump has expressed optimism that the Strait of Hormuz, which has been largely blocked since late February, could be fully reopened by the end of the week. International allies and markets remain cautious as the specifics of the sanctions waivers and regional security guarantees are finalized. While some regional reports suggest a thinning of U.S. military logistics in the area—specifically refueling assets in Israel—official confirmation from the Pentagon is pending. For now, the global economy continues to price in the potential for a significant de-escalation in energy corridors.