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.
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Jackson Lahmeyer, a Republican pastor and Pastors for Trump founder, suspended his Oklahoma congressional campaign after reports of inappropriate text messages and after Donald Trump switched his endorsement to Mark Tedford. Lahmeyer had advanced to a runoff one day earlier.
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.
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.
Janeese Lewis George leads Kenyan McDuffie in Washington, D.C.’s unsettled Democratic mayoral primary as officials count ballots under the city’s first ranked-choice primary system. The race has centered on affordability, public safety and how the next mayor would confront federal pressure over D.C. home rule.