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First Step on Peace; $300 Billion Iran Plan
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By Joshua Philipp
6/16/2026Updated: 6/16/2026

The first stage of a peace deal with Iran has now been signed. The memorandum of understanding will see the Strait of Hormuz opened immediately, while the full deal is set for signing on Friday.

As things stand, there are still many points of debate, including Israel’s position in the deal, and an alleged plan for Gulf states to spend $300 billion on reconstruction in Iran.

We’ll discuss these topics and others in this episode of Crossroads.

Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.

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Joshua Philipp is senior investigative reporter and host of “Crossroads” at The Epoch Times. As an award-winning journalist and documentary filmmaker, his works include “The Real Story of January 6” (2022), “The Final War: The 100 Year Plot to Defeat America” (2022), and “Tracking Down the Origin of Wuhan Coronavirus” (2020).