Tom Ozimek

Pakistan’s prime minister said the terms of a U.S.–Iran memorandum of understanding could be finalized within 24 hours and signed soon after.

The incident comes as U.S. and Iranian officials have signaled that a draft peace framework aimed at ending the conflict is nearing completion.

Iran rejected reports suggesting a deal had been concluded and said that Iranian authorities had not yet completed their review of the proposed text.

The European Central Bank lifted its benchmark interest rate to 2.25 percent, citing upside risks to inflation and uncertainty over the Middle East conflict.

The measures target procurement networks accused of assisting Iran in acquiring weapons and military-related equipment.

In response, Iran’s top military leaders announced that Iran would again close the Strait of Hormuz.

The president credited a U.S. blockade of Iranian ports for pushing Iran toward a deal as negotiations enter a final phase.

The latest military activity has threatened to complicate negotiations between Washington and Tehran.

The president first urged both sides to stop ’shooting' immediately before announcing peace talks were moving forward.

The ruling temporarily bars enforcement of federal grant conditions linked to gender identity, women’s sports, and illegal immigration.