US-Iran Ceasefire Talks: US and Iranian negotiators reportedly agreed on a draft framework to extend the ceasefire by 60 days and restart nuclear talks, but it still hinges on President Trump’s final approval; the outline centers on reopening the Strait of Hormuz with “unrestricted” shipping, mine removal within 30 days, and a proportional easing of the US naval blockade. Hormuz Tensions: The fragile track is being tested by fresh exchanges, including Iran warning shots near Hormuz and US denials of claims about aircraft being shot down near Bushehr, while Kuwait reports interceptions tied to missile activity. Sanctions Pressure: Washington also rolled out new sanctions targeting Iran’s “shadow oil economy,” including firms and vessels accused of moving Iranian oil and petrochemicals, and imposed curbs on the Strait of Hormuz shipping authority. Markets React: The deal-hopes rally pushed Wall Street and Asian bourses to record highs at times, while oil prices dipped on optimism—yet global bonds and inflation worries remain a headwind. Tehran’s Regional Diplomacy: President Pezeshkian highlighted outreach to Muslim and neighboring countries, calling for expanded cooperation as war pressure continues. Tech Cable Plan: Iranian-linked outlets floated a proposal to charge major tech firms fees for undersea cables in the Strait of Hormuz, adding another layer to the dispute over maritime control. Sports & Visas: Iran’s World Cup ambassador warned players may not get US visas and said the team isn’t being treated equally.