US-Iran MoU and ceasefire: The US and Iran have signed a preliminary memorandum to end hostilities and extend a 60-day truce, with technical talks to follow and a formal signing expected in Geneva on Friday; Trump says Iran agreed never to seek nuclear weapons, while US officials stress sanctions relief and any major economic benefits would depend on performance. Strait of Hormuz reopening: Washington insists navigation will be “toll-free,” but Iran is signaling “service fees” may still apply, leaving shipping firms cautious; tanker and cargo traffic has begun, yet some shipowners say normal crossings could take weeks. G7 diplomacy: Leaders at the G7 are weighing the Iran breakthrough alongside Ukraine, with Trump hinting he may shift focus back to Russia-Ukraine after the Iran track. Israel-Lebanon fallout: The UN reports continued Israeli violations of Lebanese airspace and strikes despite the MoU, while Netanyahu vows operations will continue. World Cup politics in LA: Iran opened its 2026 campaign with a 2-2 draw vs New Zealand at SoFi Stadium, but the night was overshadowed by anthem boos and claims the team was ordered to leave immediately after the match. Markets and energy: Stocks jumped and oil slid on deal hopes, while gold held steady as investors wait for the text and details.