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What deal has President Trump announced with Iran?
Live from NPR News in Washington, I'm Janine Hurst. President Trump says the U.S. and Iran have come to a deal. NPR's Franca Ordonez reports this could mark the end of a four-month war that's wreaked havoc on Middle East security and also sent global energy prices surging.
President Trump posted on social media that, quote, the deal with the Islamic Republic of Iran is now complete. Congratulations to all. He did not share many details, but said the agreement included Iran reopening the Strait of Hormuz and the U.S. removing its own blockade of Iranian ports. Trump added, quote, ships of the world start your engines. Let the oil flow.
The president has prematurely made announcements on peace deals before, and some international observers will likely be skeptical until they see greater details. But Pakistan's prime minister, who has been helping negotiate the deal, also posted that an agreement has been reached on an immediate ceasefire, and the Iranians seem to be confirming this as well. Franco Ordonez, NPR News.
Today is President Trump's 80th birthday, and he's spending it watching a mixed martial arts fight on the White House lawn. NPR's Mara Liason has more.
The ultimate fighting championship cage match on the White House South Lawn comes at a time when age and generational change are big issues in the midterms. His critics say Trump has been showing signs of decline, closing his eyes in White House meetings. But the White House denies he has fallen asleep. The mixed martial arts match today is meant to contradict that image of decline.
Trump's brand is supposed to be strength, toughness, fight, fight, fight. So the event is on brand, but it's also very controversial. The match is costing taxpayers money, and Trump himself has invested tens of thousands of dollars in the parent company of the match. His family has been selling commemorative coins tied to the fight. Mara Liason, NPR News.
The Federal Reserve meets this week to discuss interest rates after May's high inflation report. NPR's Stephen Visaja reports this will also be the first press conference for Kevin Warsh as the Fed's new chair.
President Trump made it clear before nominating Kevin Warsh that he wants the Fed to cut interest rates. But when policymakers meet Tuesday and Wednesday, they are expected to keep rates steady. May's strong job report lessened the argument that a cut is needed.
And May's consumer price index puts more pressure on the Fed to raise rates at some point after prices rose 4.2 percent over the last 12 months. Investors will watch closely what Warsh says for signs about the Fed's future interest rate plans. Tuesday, we'll also provide the latest on home construction for May after the market slowed down in April.
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