Iran's military announced the closure of the Strait of Hormuz, citing Israeli actions in Lebanon and a breach of a recent MoU. The US military denied the closure, stating shipping is normal. Diplomatic talks between Iran and the US are scheduled for Sunday in Switzerland to discuss a nuclear agreement.
Direct talks between the US, Iran, Qatar, and Pakistan to finalize a tentative agreement to end the war in Iran have been postponed by Switzerland's Foreign Ministry. The agreement includes sanctions relief for Iran and a halt to military operations in Lebanon.
Vice President JD Vance's trip to Switzerland for Iran nuclear talks is postponed due to 'difficult logistics.' The delay follows reports of Iran's own delegation being held back over Israel's actions in Lebanon. The US had previously eased its blockade on oil tankers in the Strait of Hormuz.
President Trump touted a "historic" Iran deal at the G7 summit, claiming it would end conflict and prevent nuclear weapons. He joked about blaming VP Vance if the deal falters, and falsely claimed it provided no funds to Iran, conflating it with a past settlement.
VP JD Vance travels to Switzerland to sign a tentative deal ending the war with Iran. New Fed Chair Kevin Warsh holds his first news conference amid rising inflation. Georgia Republicans nominate Rick Jackson for governor, and other primaries were held nationwide.
G7 leaders endorsed U.S. President Trump's preliminary agreement with Iran to reopen the Strait of Hormuz and extend a ceasefire, despite a lack of specific details. The deal, to be signed Friday, aims to prevent Iran from acquiring nuclear weapons and addresses regional threats.
US crude oil futures dropped below $80 a barrel, nearing March lows, following news of a tentative agreement to reopen the Strait of Hormuz. While consumers may see relief at the gas pump within a week, broader price reductions across the economy are not expected immediately due to slower adjustments in groceries and other goods.
The US and Iran have reportedly reached a tentative agreement on a Memorandum of Understanding (MOU) to end the war, involving Iran's nuclear program and US economic compensation. President Trump expects a signing by the 15th, with Iran also signaling a deal is imminent.
President Trump faces pressure over the Iran conflict stalemate. A ceasefire extension awaits his approval, but he demands changes, while Iran shows no inclination to concede. Allies and advisors caution against resuming bombing due to depleted munitions and regional fears.
Israeli forces have captured the strategic Beaufort Castle in southern Lebanon, marking a 'dramatic shift' in their offensive against Hezbollah. Meanwhile, US President Donald Trump has toughened terms for a deal with Iran, seeking guarantees on nuclear weapons and the reopening of the Strait of Hormuz. France has called for a UN Security Council emergency meeting over the escalation in Lebanon.
Middle East rivals are pushing for a peace deal with Iran, driven by the shock of a recent war and diminished US influence. Despite Israeli opposition, a tentative agreement has been reached, signaling a regional shift away from sole reliance on the US.
US forces struck an Iranian oil tanker in the Gulf of Oman on Wednesday, even as Washington and Tehran appeared to move closer to a tentative agreement to end their two-month war, with US President Donald Trump warning that renewed bombing could begin if Iran rejects the proposed deal. A US fighter jet disabled the tanker by targeting its rudder as the vessel attempted to breach an American naval blockade of Iranian ports, US Central Command said in a social media post. The strike highlighted...
Unionized cargo workers have reached a tentative agreement with BGF Logis, the logistics affiliate of CU convenience stores, following the death of a union member in his 50s who was struck by a truck during a demonstration near a logistics center in Jinju. The rally demanded direct negotiations between BGF and unionized cargo truck drivers who are not directly employed by the company. Blockades at major logistics centers will be lifted after the formal signing ceremony.
