⚡️ JUST IN: US and Iran near 14-point memorandum of understanding to end Iran War

US and Iran are close to finalizing a 14-point memorandum of understanding aimed at ending the Iran War and establishing a framework for a detailed nuclear deal. The agreement would include Iran committing to a moratorium on uranium enrichment lasting 12-15 years.

In return, the US would lift sanctions and release billions in frozen Iranian funds. Both sides would also remove restrictions on transit through the Strait of Hormuz. The deal would mark an end to the war and initiate a 30-day negotiation period for further details.

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⚡️ JUST IN: Trump said if Iran does not agree to a deal, bombing will start at a much higher level and intensity than before.

He added if Iran agrees, the epic fury will end and a highly effective blockade will allow the Hormuz Strait to be open to all, including Iran.

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⚡️ JUST IN: Trump says it is too soon to begin preparations for a peace deal signing with Iran.

US oil prices have risen back above $95 per barrel following the news.

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⚡️ JUST IN: Trump says the Iran war has a good chance of ending and he feels the US is closing in on a deal with Iran. He adds a possible Iran deal could be reached before China.

He also notes he felt a deal was near before and will see what happens this time.

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💰 Warren Buffett Warns on Markets and Dollar

Warren Buffett expressed disappointment with markets and concern about the US dollar.

At the Berkshire Hathaway meeting, he called the stock market a "church with an attached casino," saying "the casino has never been so crowded."

Buffett said he keeps $380 billion in cash because he understands current companies less and hasn't studied new industries for years, lacking an edge over younger specialists.

On the dollar, he warned America is "not insured" against runaway inflation. He said a real crisis could come suddenly, like the 1914 assassination that triggered WWI.

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⚡️ JUST IN: Iran’s Foreign Minister denies imminent deal to end Iran War after Axios report.

The statement was issued following the morning report claiming a deal was near. No confirmation or further details were provided.

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GameStop CEO Ryan Cohen has been suspended from eBay just two days after proposing a $56 billion acquisition of the company.

eBay stated that Cohen's account was permanently suspended for "putting the eBay community at risk."

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⚡️ JUST IN: DOJ is investigating $2.6B in oil trades placed ahead of Trump’s announcements.

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⚡️ JUST IN: US weekly jobless claims rose to 200,000, below the 205,000 estimate.

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⚡️ JUST IN: US equity markets fall on reports that Trump is preparing to restart “Project Freedom” in the Strait of Hormuz.

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⚡️ JUST IN: Trump says the EU has until July 4th to implement the US-EU trade deal or tariffs will “jump to much higher levels.”

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⚡️ JUST IN: UAE attacked Iran, according to Iran's Mehr.

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⚡️ JUST IN: US Military has attacked an Iranian oil tanker in the Strait of Hormuz, according to Iranian state media.

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⚡️ JUST IN: US Military has conducted strikes on targets in southern Iran, including Bandar Abbas and Qeshm Port.

The US-Iran ceasefire seems to be unraveling following renewed attacks from both parties.

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⚡️ JUST IN: US Trade Court rules against Trump’s 10% global tariff.

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Trump Threatens Iran Over Agreement

Trump threatened Iran with strikes if Tehran does not sign an agreement. Three US destroyers passed the Strait of Hormuz under fire. Trump said attacks were repelled, Iranian boats destroyed, and destroyers unharmed.

He demanded Tehran quickly sign the deal or face "much harsher strikes." The ceasefire remains and the agreement is still possible.

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