Trump said the U.S.-Iran memorandum is not a final deal and warned bombing could resume if a broader agreement is not reached. The 14-point framework calls for a ceasefire, reopening the Strait of Hormuz, nuclear limits, sanctions relief and further talks within 60 days.
News Mash
Iran says it is considering whether Presidents Masoud Pezeshkian and Donald Trump should sign a Swiss memorandum of understanding opening 60 days of negotiations. The draft framework covers a halt to military operations, sanctions relief, Iran’s nuclear program and Strait of Hormuz shipping.
The Federal Reserve unanimously held interest rates at 3.5% to 3.75% in Kevin Warsh’s first meeting as chair. New projections showed inflation expectations rising and nearly half of policymakers open to a rate hike later this year.
Georgia House Republican leaders said they will not take up redistricting during Gov. Brian Kemp’s special session, saying the process requires more time and public input. Kemp said he saw no reason to delay but acknowledged the General Assembly controls legislative districting.
Tropical Storm Arthur formed off the Texas Gulf Coast with 40 mph winds, becoming the first named storm of the Atlantic hurricane season. Forecasters warned of life-threatening flooding, storm surge and dangerous surf from Texas into the Southeast.
The Makerfield by-election could return Andy Burnham to Parliament and open the door to a Labour leadership challenge against Prime Minister Keir Starmer. Polls suggest Burnham leads Reform UK’s Robert Kenyon, but the race is close.
Rex Heuermann was sentenced to life in prison without parole after admitting to the Gilgo Beach serial killings. Relatives of the victims delivered emotional statements before the judge condemned Heuermann as a coward.