Scott Galloway

Meanwhile, Israel says it is not bound by the deal and its forces will stay in Lebanon indefinitely.

Still, Brent Crude fell more than 5% on the news of the pending peace deal.

Here to help us

unpack what this deal actually means.

We're speaking with Kareem Sajapur, Senior Fellow at the Carnegie Endowment for International Peace.

Kareem, thank you so much for joining us on the show today.

This is really important news.

I think the place I'd like to start is a place of skepticism.

And that is we've had deals with Iran before.

Trump said we had a ceasefire back in April.

Then he said we had a framework of a ceasefire.

He said that the deal was in its final stages in May.

He said it was all largely negotiated.

We've had plenty of false alarms.

And so the question on this news is, is this also a false alarm or is this different?

It's really fascinating that you say that.

The first thing I was going to mention was that disagreement over these reconstruction costs, because Iran says that the U.S.

is going to pay $300 billion in reconstruction costs, that they were going to release $24 billion in frozen assets, and then J.D.

Vance goes and denies those claims.

So memorandum of misunderstanding sounds accurate to me.