- President Trump says the U.S. and Iran have signed a memorandum to end the Gulf war and partly reopen the Strait of Hormuz, with a formal signing due Friday in Geneva — though the text hasn’t been released yet.
- Markets jumped on the news: oil prices fell and stocks rose amid hopes the deal will restore Gulf oil supplies; officials say there’s a 60-day negotiation window for bigger issues like Iran’s nuclear program.
- The agreement looks fragile — Israel wasn’t consulted and has already struck in southern Lebanon, raising questions about whether fighting with Hezbollah could derail the truce.
The news, distilled into what matters.
Get the full experience in the app — topics, comments, and audio summaries.