The United States and Iran have electronically signed a memorandum intended to halt the war and launch 60 days of talks toward a final agreement. The document includes sanctions relief, nuclear commitments, Strait of Hormuz provisions and a proposed $300 billion reconstruction plan for Iran.
Posts tagged as “Al Jazeera Live”
A senior U.S. official gave the clearest account yet of an unreleased 14-point memorandum with Iran that would halt fighting, lift a naval blockade and start 60 days of talks. Iranian officials have not confirmed the U.S. version of the text.
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.
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.
Brent crude fell to its lowest level since early March as markets anticipated a US-Iran framework agreement that could reopen the Strait of Hormuz. Shipping groups and analysts warned that restoring normal energy flows could still take weeks or months.
Israeli strikes in southern Lebanon continued after President Donald Trump urged Benjamin Netanyahu to be more restrained. The attacks have added pressure to an undisclosed US-Iran agreement that mediator Pakistan says includes Lebanon.
Iranian oil tankers have crossed a U.S. blockade line near the Strait of Hormuz ahead of planned U.S.-Iran talks in Switzerland. The emerging memorandum has triggered disputes over sanctions relief, Lebanon and the future of Iran’s nuclear program.