NPR News: 06-17-2026 5PM EDT
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What are the details of the U.S.-Iran ceasefire agreement?
Live from NPR News in Washington, I'm Ryland Barton. The terms of a ceasefire between the U.S. and Iran are now public. NPR's Quill Lawrence reports they would reopen the Strait of Hormuz and end hostilities between the U.S., Iran, Israel, and Hezbollah.
A senior Trump administration official whom reporters agreed not to identify read out the memorandum of understanding that is expected to be signed soon. It would reopen the Strait of Hormuz to oil tankers, an urgent economic and political priority as oil and other commodities have surged in price. Iran could begin to sell its own oil, and billions of dollars in frozen Iranian assets could be released if subsequent agreements like Iran ending its nuclear weapons program are followed. The official also said if Iran doesn't live up to its end, the U.S. could easily resume bombing. Israel is not a party to the agreement, but it could be a spoiler if Washington cannot restrain the Israeli government from attacking Iran's proxy force in Lebanon.
Quill Lawrence, NPR News.
With inflation at its highest level in more than three years, the Federal Reserve held its benchmark interest rate steady today, and the Fed hinted its next move could be a rate increase. It was the first rate decision under the leadership of the new Fed chairman, Kevin Warsh. President Trump expressed disappointment in the decision today.
It just keeps the country down. It's so unusual. But we have a very good guy over there now, so I'm guided by what he wants.
Trump nominated Warshin hopes he would push for lower interest rates, but a wartime spike in energy prices has pushed rate cuts off the table for now. Luigi Mangione will assert a psychiatric defense at his murder trial for the killing of UnitedHealthcare CEO Brian Thompson. Mangione's lawyers told the court they will attempt to show that he was suffering from, quote, extreme emotional disturbance at the time of the occurrence. If a jury agrees, it could convict him of manslaughter instead of murder, meaning he'd be sentenced to less time in prison. The cost to rent an apartment was down in May, one and a half percent from a year ago, according to a new report from Realtor.com. NPR's Stephen Basaja says that's due to an apartment construction boom.
The U.S. built more than 600,000 apartments in 2024, the most in almost 40 years. That's caused a jump in vacancies and deals for renters. Mason Coleman's got two-plus months of free rent to move into his Nashville-area apartment.
I even saw some places doing three months, three and a half months free.
But other cities still have a housing shortage. Like when Chloe Trubb toured a Chicago apartment and was told there were 12 other showings lined up after her.
Like 12? He goes, it's a rat race out there. And I go, exactly what I've been saying. Like, you know.
Realtor.com reports rent is still up 17% since pre-pandemic times. Zillow puts that rent hike even higher at 37%. Stephen Basaja, NPR News.
U.S. stocks dropped today on speculation the Fed may raise interest rates this year to keep a lid on inflation. This is NPR News. The Trump administration says it's buying back another energy company's leases for wind projects as it seeks to discourage the expansion of wind energy in favor of fossil fuels. That brings the total amount spent on these arrangements to nearly $2.6 billion. Chicago-based Invenergy's wind projects were very early in development and will invest in natural gas and geothermal projects instead. A Seattle nonprofit has returned free World Cup tickets meant for children. It's in protest of the U.S. denying entry to a popular Somalian referee. Freddie Menardes of member station KNKX has more.
African Youth Sports Academy runs a soccer league for children of African descent. It received 20 free World Cup tickets from a city initiative to send Seattle area kids to matches. But now it's returned those tickets to show support for Somalia's Omar Artan, a top soccer official in Africa who was denied entry to the U.S. for the tournament. Ali Abdullah founded the African Youth Sports Academy.
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