1 President Trump And Iran's President Digitally Sign MOU To End Conflict
President Trump and Iranian President Masoud Pezeshkian have digitally signed a memorandum of understanding laying out terms to end the war, U.S. officials said. The White House said Trump signed it yesterday while at dinner at the Palace of Versailles with French President Emmanuel Macron. Officials said Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf signed it digitally on Sunday, with Trump as a witness. The 14-point deal calls for an immediate and permanent end to fighting in the U.S.-Israeli war with Iran. The U.S. agreed to lift all sanctions, unfreeze Iranian funds and assets, and begin removing its naval blockade of Iran's ports. The Strait of Hormuz will reopen, with Iran allowing commercial ships safe passage at no charge for 60 days, followed by talks with Oman on how the route will be run. Iran reaffirmed it will not build nuclear weapons, and a senior official called Iran's promise to destroy its enriched uranium stockpile a major win.
2 Fed Holds Interest Rates Steady As Inflation Hits Three-Year High
The Federal Reserve held interest rates steady yesterday, even as inflation climbed to its highest level in three years. It was the first rate decision under new Fed Chair Kevin Warsh, a Trump nominee. All 12 voting members agreed to leave the benchmark rate in its current range of 3.5-percent to 3.75-percent, but Warsh said high prices are a burden on Americans and pledged to bring inflation down to the Fed's 2-percent goal. Inflation topped 4-percent in May, pushed up by the Iran war and higher energy costs. New projections show nearly half of policymakers now expect a rate hike before the end of the year, a shift from earlier plans to cut. Warsh also trimmed the Fed's statement sharply and declined to share his own rate forecast.
3 Knicks Owner James Dolan Says Team Accepted Invitation To The White House
The New York Knicks are headed to the White House. Owner James Dolan said yesterday that the team got an invitation from the White House and accepted it, though the details still need to be worked out. Dolan said he had also invited President Trump, a friend of 30 years, to a game. The Knicks just won their first NBA championship in more than 50 years, beating the San Antonio Spurs. Trump, a longtime Knicks fan, attended Game 3 of the Finals at Madison Square Garden last week, the only game New York lost in the series. After the win, Trump praised the team and point guard Jalen Brunson on social media. The Knicks will be the first NBA Finals winner to visit the White House during Trump's time in office. It is not yet clear which players plan to make the trip.