President Trump stated he called off further strikes on Iran, claiming a peace deal is "imminent" and negotiations are set to begin Monday. He cited Iran and Saudi Arabia's requests, emphasizing he doesn't want to "kill people." The five-month war has resulted in 18 U.S. casualties and declining public approval.
US President Donald Trump stated that a peace deal with Iran remains possible despite ongoing hostilities, but expressed a loss of faith in Iranian authorities due to alleged misrepresentation and a recent missile strike against US forces in Jordan during negotiations.
The US Federal Reserve's FOMC maintained interest rates with a 9-3 vote, marking the first time in a decade three members dissented, preferring a quarter-point hike. Fed Chair Kevin Warsh emphasized focusing on overall trends and fostering internal debate, while inflation and geopolitical events continue to influence policy.
President Trump shared a June poll showing majority support for an Iran peace deal, despite the agreement's collapse and recent US-Iran hostilities. The White House used the poll to urge "trust in Trump" as US forces continue strikes in response to Iranian attacks.
US strikes over 80 targets in Iran following attacks on oil tankers. President Trump declared a ceasefire over, then claimed Iran sought a deal. The peace process faces challenges due to a rushed memorandum of understanding that conceded control of the Strait of Hormuz to Iran.
US President Donald Trump's recent actions, including withdrawing from a peace deal with Iran and criticizing allies like Spain and Denmark, have sparked concerns about the erosion of the post-WWII international order. Allies are reportedly contemplating strategic autonomy due to perceived unpredictability in US foreign policy.
President Donald Trump declared an interim peace deal with Iran "over" and warned of reimposing a naval blockade, following U.S. strikes on over 80 Iranian targets in response to attacks on commercial vessels. Trump's remarks at the NATO summit injected fresh uncertainties into negotiations.
President Donald Trump declared the interim peace deal with Iran "over," citing "liars" and "scum" Iranian leaders. He warned of reimposing a naval blockade and further strikes after U.S. military hit over 80 Iranian targets in response to attacks on commercial vessels.
Senator Rick Scott accused Pakistan of hypocrisy for mediating a US-Iran peace deal after PM Shehbaz Sharif attended Ayatollah Khamenei's funeral in Tehran, questioning Islamabad's credibility.
Brent crude fell below $71 a barrel, reaching pre-war levels not seen since the US-Israel conflict with Iran began. Hopes for a peace deal, with positive progress reported in US-Iran talks, are driving the decline, alongside increased oil flows from the Gulf.
The Reserve Bank of India's bi-annual report states an interim US-Iran peace deal could boost India's economic growth by normalizing supply chains. Despite strong macroeconomic fundamentals, the RBI warns of inflation risks from high oil prices and monsoon, and identifies AI cyber threats as a major financial risk.
The head of the IAEA, Rafael Grossi, confirmed that the interim peace agreement between the U.S. and Iran grants U.N. inspectors access to Iran's nuclear sites, despite a "war of statements" between the parties regarding the scope of inspections. The deal also aims to end hostilities in the Middle East.
Speaking in Bahrain, Rubio affirmed Washington's pursuit of an enduring peace with Iran that safeguards Gulf allies' security. He addressed concerns over Iran's past actions, the Strait of Hormuz, and the potential use of a $300 billion reconstruction fund, reassuring allies that fees for international waterways would not be part of any deal.
US farmers, including Ryan Poe, Kevin Deinert, and Dave Walton, are still grappling with high fertilizer and diesel prices despite global market drops and a tentative Iran peace deal. A USDA forecast predicts these costs won't substantially decrease until 2027, putting significant pressure on farm margins and the rural economy.
Lebanon is caught between Iran and Israel as conflict escalates, displacing over a million and causing billions in damage. An Egyptian-backed peace framework proposes integrating Hezbollah into the Lebanese army and transforming it into a political entity, but faces significant challenges regarding reciprocity and regional power dynamics.
India's NSA Ajit Doval welcomed the US-Iran MoU, expressing 'cautious optimism' for regional stability, energy security, and eased supply chains. He highlighted improved access through the Strait of Hormuz and the need for multilateral cooperation amid global uncertainties.
A proposed $300 billion reconstruction fund for Iran, part of a US peace deal, is causing concern among Arab allies and US Democrats. The Trump administration claims funds will come from Gulf states and private investors, not US taxpayers, but critics fear a wealthier Iran will expand its regional influence.
Mediators from Qatar and Pakistan announced "encouraging progress" in US-Iran peace deal talks held in Switzerland. The negotiations, which included high-level delegations from both nations, aim to end hostilities and establish a communication line for safe passage through the Strait of Hormuz.
UK Prime Minister Keir Starmer faces growing pressure to resign amid internal party dissent and a prediction from Donald Trump. Meanwhile, US and Iran negotiators have agreed to a 60-day roadmap for a peace deal after a weekend of escalating tensions.
VP JD Vance is brokering a critical Iran peace deal, facing political risks and potential rewards. Success could boost his 2028 presidential prospects and the economy, while failure could tarnish his image. Allies express concern over the war's legacy and the delicate political balance.
Hezbollah leader Naim Kassem hailed a US-Iran memorandum of understanding as a 'great victory' for Lebanon, linking it to a halt in fighting. However, analysts suggest the deal's true impact on Hezbollah and Israel's occupation of southern Lebanon remains uncertain, with continued fighting and differing interpretations of the agreement.
A US-Iran peace agreement, intended to start 60 days of formal negotiations, is jeopardized by Israel's intensified military campaign in southern Lebanon. US Vice President JD Vance canceled his trip to Switzerland for talks after Israeli bombing killed at least 18 people, leading Iran to demand implementation of the ceasefire in Lebanon before proceeding.
US Vice President JD Vance defended the Iran deal, stating Donald Trump is Israel's sole global ally and reminding Israeli critics of substantial US defense aid. Vance criticized Israeli cabinet members for attacking the deal and Trump, suggesting they reassess their priorities.
Donald Trump claimed "OIL IS FLOWING," "STOCK MARKETS ARE ROARING," and "PRICES ARE DROPPING" on Truth Social. While the Dow Jones hit a record high, other indices slipped. Petrol prices are down from May highs but still above pre-war levels. Job growth is not at record levels, and layoffs are increasing.
