{"id":63282,"date":"2026-06-16T22:38:14","date_gmt":"2026-06-17T02:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-iran-peace-deal-reached-telegram-ceo-accuses-reliance-of-network-sabotage\/63282\/"},"modified":"2026-06-16T22:38:14","modified_gmt":"2026-06-17T02:38:14","slug":"us-iran-peace-deal-reached-telegram-ceo-accuses-reliance-of-network-sabotage","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-iran-peace-deal-reached-telegram-ceo-accuses-reliance-of-network-sabotage\/63282\/","title":{"rendered":"US-Iran Peace Deal Reached; Telegram CEO Accuses Reliance of Network Sabotage"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>The U.S. and Iran have digitally signed a Memorandum of Understanding (MOU)<\/strong> to end a four-month war, with a formal signing ceremony scheduled for Friday in Geneva.<\/li>\n<li><strong>Vice President JD Vance declared victory<\/strong>, stating that President Trump &quot;holds all the cards&quot; and that the deal ensures Iran will never obtain a nuclear weapon.<\/li>\n<li><strong>China\u2019s Foreign Minister Wang Yi called for a &quot;Global South&quot; overhaul<\/strong> of the UN Security Council, IMF, and World Bank to reflect 21st-century economic realities.<\/li>\n<li><strong>Telegram CEO Pavel Durov accused Reliance Industries (<a href=\"\/stock\/RELIANCE\">RELIANCE<\/a>)<\/strong> of using &quot;BGP hijacking&quot; to disrupt service for millions of users outside India, alleging a &quot;competitive war&quot; linked to WhatsApp.<\/li>\n<li><strong>Global markets reacted positively to the peace news<\/strong>, with President Trump noting that <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> are &quot;plummeting&quot; while stock indices &quot;shoot up like a rocket.&quot;<\/li>\n<\/ul>\n<h2>U.S. and Iran Reach Landmark Peace Agreement<\/h2>\n<p>The United States and Iran have reached a preliminary agreement to end the conflict that has paralyzed regional shipping and energy markets since February. <strong>President Donald Trump<\/strong> and <strong>Vice President JD Vance<\/strong> digitally signed the memorandum on Sunday alongside Iranian parliamentary speaker <strong>Mohammad Bagher Ghalibaf<\/strong>. The deal includes an immediate ceasefire on all fronts, the lifting of the U.S. naval blockade, and the reopening of the <strong>Strait of Hormuz<\/strong> to global shipping.<\/p>\n<p>Vice President Vance emphasized that future economic relief for Tehran is strictly contingent on compliance with a new nuclear framework. While the MOU establishes a <strong>60-day window<\/strong> for detailed negotiations, Vance stated that the administration has already &quot;accomplished what we set out to do.&quot; <em>Market analysts noted that the reopening of the Strait is expected to be &quot;toll-free&quot; in the long term, despite Iranian reports suggesting they may attempt to implement &quot;service fees&quot; after the initial two-month period.<\/em><\/p>\n<h2>China Pushes for Global South Representation<\/h2>\n<p>Amid the shifting geopolitical landscape, China\u2019s Foreign Minister <strong>Wang Yi<\/strong> has intensified calls for a fundamental restructuring of the international order. Speaking at the <strong>UN Security Council<\/strong>, Wang argued that the current system is reviving a &quot;law of the jungle&quot; due to weak adherence to the UN Charter. He specifically advocated for increasing the influence of <strong>Global South<\/strong> countries within the UN system to address &quot;historical injustices,&quot; particularly regarding African representation.<\/p>\n<p>Beyond the UN, Beijing is pushing for significant changes at the <strong>International Monetary Fund (IMF)<\/strong> and the <strong>World Bank<\/strong>. Wang stressed that these institutions must strengthen representation for developing nations, which now account for over <strong>40% of the global economy<\/strong>. <em>China&#39;s diplomatic strategy appears focused on positioning itself as the primary advocate for the &quot;emerging, positive force&quot; of the Global South in a multipolar world.<\/em><\/p>\n<h2>Telegram CEO Alleges Reliance Network Interference<\/h2>\n<p>In a sharp escalation of corporate tensions, <strong>Telegram CEO Pavel Durov<\/strong> has publicly accused <strong>Reliance Industries (<a href=\"\/stock\/RELIANCE\">RELIANCE<\/a>)<\/strong> of sabotaging his platform\u2019s connectivity. Durov alleged that the Indian conglomerate is utilizing <strong>Border Gateway Protocol (BGP) hijacking<\/strong> to disrupt Telegram access for millions of users in regions including the <strong>United Arab Emirates<\/strong>. He characterized the interference as &quot;intentional&quot; and suggested it is part of a broader rivalry with <strong>WhatsApp<\/strong>, noting that Reliance is partially owned by <strong>Meta (<a href=\"\/stock\/META\">META<\/a>)<\/strong>.<\/p>\n<p>The accusations follow a temporary block of Telegram within India, which the government justified as a measure to curb cheating rackets during national medical entrance exams. Durov criticized the ban as a &quot;disproportionate&quot; response that punishes <strong>150 million ordinary users<\/strong> without stopping the flow of leaked materials. <em>The conflict highlights growing friction between global tech platforms and national telecom giants over digital sovereignty and market dominance.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The U.S. and Iran have digitally signed a Memorandum of Understanding (MOU) to end a four-month war, with 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