UPDATE: US AND ISRAEL ATTACK IRAN – June 14, 2026

Within 48 hours, the crisis shifted from a threatened U.S. move against Iran’s oil infrastructure to the announced Islamabad Declaration. But the emerging deal is not a peace settlement; it is a fragile interim framework, still unsigned, interpreted differently by Washington, Tehran and Jerusalem, and burdened by unresolved disputes over Hormuz, Lebanon and frozen Iranian assets. The same text is being read in three directions - and that built-in ambiguity may already contain the next escalation.