Iran reportedly launches missiles as Trump mulls deal to pause war for two months
The latest military and economic actions come as President Trump insists he feels no pressure to make a deal with Iran before November's midterm elections.
TL;DR
- Iran's armed forces fired missiles at unidentified targets in southern Iran.
- The U.S. and Iran have reportedly "mostly agreed" to terms for a 60-day memorandum of understanding to temporarily end the three-month war and begin nuclear negotiations.
- President Trump has not yet given final approval to the proposed agreement.
- Major stock indexes rose following reports of progress toward a temporary deal.
- The U.S. Treasury sanctioned Iran's "Persian Gulf Strait Authority" and warned Oman against implementing tolling systems for the Strait of Hormuz.
- Iran reportedly launched a ballistic missile toward Kuwait, which was intercepted, and deployed attack drones near the Strait of Hormuz, actions the U.S. called "egregious ceasefire violations."
- President Trump stated he feels no pressure to make a deal with Iran before the midterm elections.