WATCHING AND WAITING: The international community is on the edge of its seat for the release of the text of an agreement to bring an end to the Iran war.
Trump, Vice President Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf on Sunday electronically signed a memorandum of understanding (MOU) to begin “real technical discussions” to end the war, senior U.S. officials said on Monday.
The agreement would extend the fragile ceasefire and lead to the reopening of the Strait of Hormuz, the officials said, but it pushes the issue that triggered the conflict — Iran’s nuclear program — to talks over the next two months.
The full text will be released “sometime after Friday,” Trump said, contradicting officials who said earlier in the day that it would be released within 24-48 hours.
Vance will lead the negotiations that start on Friday. He said Iran could have access to a $300 billion reconstruction fund under the peace agreement if it upholds its end of the deal.
“We’ll be releasing the text this week, and what everybody will see is that Iran doesn’t get a dime of money unless they perform their obligations, and the money that we’re talking about is fundamentally sanctions relief,” Vance said in an interview with ABC’s “Good Morning America” on Monday.
Senior U.S. officials told reporters that the U.S. will maintain its current force posture in the region throughout the 60-day negotiation period. A U.S. blockade of the Strait of Hormuz also remained in force as of Monday.
A deal to end the war with Iran, however, could face significant challenges ahead, especially as Israeli Prime Minister Benjamin Netanyahu navigates a politically tricky situation at home. The Hill’s Laura Kelly reports tensions have never been higher between Trump and Netanyahu.
▪ The Hill: U.S. strategic oil reserve hits lowest level since 1983.
▪ Washington Post: Israelis denounce Trump’s deal with Iran.
▪ The New York Times: Trump says strait will be ‘permanently toll-free.’
A LITTLE HELP FROM MY FRIENDS: Trump touted the Iran deal on Monday during the first day of the Group of Seven (G7) summit in Evian-les-Bains, France, and spoke with key allies about potential help they could provide to speed up the reopening of the Strait of Hormuz.
French President Emmanuel Macron told the U.S. president that France could send fighter aircraft as early as Tuesday to conduct observation flights over the strait. He said France’s nuclear-powered aircraft carrier, which is already in the Middle East, could help in the process, as well.
“I don’t think we’re going to need much help,” Trump told Macron during their bilateral meeting on the sidelines of the G7, responding to his offer, because the strait is “going to be open,” he added, the AP reported.
“But I don’t think it’s a bad idea to have a ship or two up here from a few countries. You’d be a great country to do it,” Trump added.
▪ The Hill: What to know as Trump arrives at G7 after announcing deal.
▪ The Associated Press: Macron welcomes world leaders for G7 in France.
DOJ’S LATEST TARGET: California Gov. Gavin Newsom (D), a likely 2028 presidential contender, on Monday claimed Trump “directed his Department of Justice (DOJ) to investigate” him and his wife.
He said federal agents have interviewed their family, friends and former employees and have requested records from the governor and the state’s first lady, Jennifer Siebel Newsom. He didn’t indicate what the DOJ may be investigating.
“They have not found a crime - they are simply trying to find one,” Newsom wrote in a post on the social platform X. “He [Trump] isn’t coming after me because of mean tweets, but because I am considering running for President.”
“He hates that I consistently call him out. He is simply the most corrupt President in American history. We have nothing to hide,” he continued.
The White House referred The Hill to the DOJ, which did not immediately respond to an email inquiry. A source familiar with the investigation said the investigation stemmed from whistleblowers reporting concerns to federal prosecutors in Sacramento.
▪ The Wall Street Journal: DOJ decision on Paramount deal surprised staffers.
BIG DEAL: Fox Corp. announced Monday that it’s buying the streaming company Roku for $22 billion, giving it a “direct relationship” with more than 100 million households.
Roku, which was founded in 2002 and produces streaming devices and TVs, will continue to operate as an open and “partner-friendly” platform, according to a release from Fox. The deal is subject to approval by the federal government.
If the deal gets a green light, the combined company will be the third-largest in U.S. television by viewing share. The deal is expected to close in the first half of 2027.
“Today, we take the next step: bringing together the most valuable live content portfolio in video consumption with the preeminent streaming platform through which America watches it,” said Fox CEO Lachlan Murdoch.
▪ Barron’s: Why Fox stock dropped after the announcement.
▪ The Washington Post: Fox making big bet on making streaming free.
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