Iran says memo of understanding to end war with U.S. will soon be signed
President Trump also confirmed a deal while heading to the G7 summit in France. Jarred Hill reports.
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President Trump also confirmed a deal while heading to the G7 summit in France. Jarred Hill reports.
Pakistan's prime minister said Sunday the U.S. and Iran had reached a deal that includes "the immediate and permanent termination of military operations on all fronts, including in Lebanon."
Experts at GasBuddy say the next few days will be very telling, especially if traffic begins moving in the Strait of Hormuz.
They say if the deal progresses in the right direction, we could see gas prices dip below $3.75 a gallon before the July 4th holiday.
Key mediators in Pakistan say details are expected to be finalized within 24 hours, and a signing ceremony is still scheduled for Sunday. Iran's foreign minister says Sunday is unlikely but expressed optimism that they could work out a deal in a matter of days.
Pakistan's prime minister said "a final, agreed upon text" of a U.S.-Iran peace deal has been reached and that Pakistan, a key mediator in the Iran war, "is now working closely with both sides to finalize the next steps."
President Trump said earlier Thursday he called off new military strikes on Iran, hours after threatening to escalate the war.
President Trump is threatening a third straight day of U.S. strikes in Iran.
The Trump administration called the strikes self-defense, targeting Iranian surveillance, communications, and air defense systems. Jarred Hill reports.
President Donald Trump issued warning to Iran and is threatening the U.S. military is preparing to carry out more attacks.
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023.
The U.S. and Iran exchanged more strikes overnight.
The downing of the helicopter and the return strikes by the U.S. military further strain the two-month ceasefire with Iran. While some fear that this escalation only delays a permanent end to the conflict, President Donald Trump still says that a deal is possible in a matter of days
The two crew members were rescued by a sea drone in the first such operation ever carried out by the U.S. military, officials told CBS News.
President Donald Trump says Iran shot down a U.S. Army Apache helicopter on patrol over the Strait of Hormuz on Monday night. CBS News learned the military deployed a drone to save the two crew members.
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
Iran and Israel declare a halt to fighting as President Trump says both are seeking an "immediate ceasefire" after a major escalation in the 101-day war.
Israel and Iran appeared to back away from further strikes Monday, hours after they traded fire for the first time since the U.S. agreed to a ceasefire in April. Both countries warned that they were ready to launch retaliatory attacks if provoked.
This comes hours after President Trump told the country to “immediately stop.”
Israel and Iran were firing missiles at each other Monday, endangering the shaky truce that's been in place as well as talks on a deal to end the fighting.
Israel and Iran traded strikes overnight Sunday into Monday, threatening efforts to reach a peace deal. Bradley Blackburn reports.
President Trump says he is confident the U.S. is close to reaching a peace deal with Tehran.
Th U.S. military said it shot down two Iranian drones that were threatening ships in the Strait of Hormuz on Saturday, and the war has now spilled over to the soccer arena as the World Cup gets under way on Thursday. Wendy Gillette reports.
CBS News obtained a brief voice memo from Iranian American journalist Reza Valizadeh, who is being detained in Iran's Evin Prison and is pleading for help for him and other American captives.
