Interim US-Iran agreement appears to take shape. Possible signing close to G7 next week—AND MORE

CNN: An interim deal between the US and Iran would extend the ceasefire, reopen the Strait of Hormuz, and pave the way for talks on Iran’s nuclear program, a diplomatic source told CNN. The source said the two sides agreed on the text of the memorandum of understanding, but it has yet to receive final signoff.

Iran yet to confirm: Trumpsuggested Iran’s supreme leader was on board, but the Iranian Foreign Ministry spokesperson said his country had not yet reached a final decision on any agreement…

U.S.-Iran peace memorandum could be signed on Sunday in Geneva, source says

The source said language in ‌the memorandum was still being finalised and Iran was sticking to its position that the deal must also end fighting in Lebanon, where Israel has been battling against the Iran-backed Hezbollah militia.

The aim was to finalise the wording by Saturday so the agreement could be signed by U.S. Vice President JD Vance and Iran’s Parliament Speaker Mohammed Baqer Qalibaf. No venue had been established but Geneva was emerging as the likeliest…

US, Iran Edge Toward Interim Deal Signing Close to G7 Next Week

The US and Iran may sign an agreement to reopen the Strait of Hormuz on the sidelines of the Group of Seven world leaders summit next week, according to senior officials.

A senior Iranian official indicated overnight that a deal is likely, said a G7 official and a diplomat from outside the group, who both asked not to be named discussing sensitive matters…

Iran fights to keep Lebanon as leverage in high-stakes US deal

Iran is waging a calculated campaign to preserve Lebanon as its last bastion of influence on the Mediterranean, tying the country’s fate to a grand bargain with Washington as it seeks ​to end Hezbollah’s war with Israel on its own terms, not Beirut’s…

How to judge Trump’s claims he’s ended the Iran war

But to put it mildly, Trump has hardly been a reliable narrator of the war. He’s proclaimed an agreement was imminent nearly 40 times. He’s repeatedly claimed Iran has caved to his demands even as the Islamic Republic’s defiance has demonstrated the opposite.

So the world will await further details of the deal with due skepticism — even as Trump predicts a deal-signing ceremony could take place in Europe soon…

Neither Peace Nor War: Iran Conflict Leaves World in Dangerous Limbo

Since announcing a nominal cease-fire two months ago, Iran, Israel and the U.S. have remained locked in low-intensity violence that has become a new normal…

The World Is Draining Oil Reserves, Raising Pressure for a Peace Deal

Vast stockpiles of oil, gasoline and other fuels have helped fill the hole in global energy supplies created by the U.S.-Israeli war with Iran. But those reserves, which companies and governments stash in giant steel storage tanks and underground salt caverns, are running low in some places. This week, U.S. government stockpiles were poised to hit their lowest levels since 1983…

Ships Stranded by War Face Costly Dilemma: Wait It Out or Risk Attack

A tense calm prevailed in the Gulf on Friday on hopes that a deal to end the fighting could be near.

“We have heard this like 20 times,” Mr. Khanna said. “So what are the prospects? I don’t know.”

Even after a reopening of the strait, he added, ships will need a “framework” before they attempt to get out. “We need to know which parts of the strait are clear,” he said…

The Iranian missile cities the US could not destroy

Weeks of bombardment appear to have only temporarily suppressed Tehran’s firepower hidden underground…

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