U.S. Official: U.S. and Iran Close to Reaching Agreement, Will Sign in the Coming Days
WASHINGTON, June 13 (Reuters) – A senior U.S. official told reporters on Friday that the United States and Iran have not yet finalized an agreement to resolve their bilateral conflict, but the two sides are very close to striking a deal, with Washington expected to sign off on the pact in the coming days.
“The negotiating team has positioned us in a very strong spot, but we haven’t crossed the finish line yet—we’re still very much in the home stretch,” the official said. He outlined key terms of the proposed memorandum of understanding (MoU): reopening the Strait of Hormuz, lifting the U.S. blockade on Iranian ports, and destroying Iran’s highly enriched uranium on-site before shipping it out of the country.
The official clarified that Iran will not receive any benefits solely for signing the MoU or for participating in the negotiations. “They’ll only get economic rewards once they meet their obligations under the agreement,” he explained. “If they transfer nuclear material as promis
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Iranian Foreign Ministry: Iran is reviewing the draft Memorandum of Understanding
June 13 — According to CCTV, Iranian Foreign Ministry spokesperson Bagaei stated local time on June 12 that Iran and the U.S. have reached an understanding on most issues, and Iran is in the final stages of finalizing the text of the memorandum of understanding. As such, Iranian Foreign Minister Araghchi’s earlier remark that “the two sides are very close to reaching an understanding” is accurate and noteworthy.
Meetings of relevant decision-making bodies are underway, marking an ongoing process. To secure a final, definitive outcome, consensus must be reached among these decision-making bodies and relevant departments. Bagaei added that various speculations about the content of the agreement’s text have not been confirmed. Although specific details of the diplomatic process are not convenient to discuss publicly at this time, this does not mean the public is not entitled to be informed.
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The UAE has reportedly agreed to release up to $20 billion to Iran, with the first tranche of over $3 billion already received.
On June 13, Reuters, citing multiple sources, reported that the United Arab Emirates (UAE) has agreed to release between $100 billion and $200 billion to Iran. The first installment, reportedly more than $30 billion, has already been transferred, the sources added. This arrangement is advancing alongside U.S.-Iran negotiations aimed at resolving their ongoing conflict. As part of the deal, Iran has pledged to halt missile and drone attacks targeting the UAE, boost intelligence sharing, and expand economic cooperation between the two nations.
The exact origin of the funds remains unclear, and it is not yet confirmed whether the money comes from the UAE’s own resources or from Iranian assets that have long been frozen in UAE banks or other locations. UAE officials responded to the reports by stating their country is committed to easing regional tensions and supporting all parties—including the U.S.—in advancing lasting peace and stability in the Middle East.
Informants told Reuters tha
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U.S. Official: Iran Commits to Permanent Nuclear Weapons Abandonment, but U.S. Requires Verification Mechanism
June 13 (CNN) — A top U.S. government official told reporters Friday that Iran has formally committed to never seeking or developing nuclear weapons, a move the official called a “major concession” from Tehran.
Iran has made similar public pledges before, the official noted. “We are encouraged by their commitment not to produce nuclear weapons, but verification is critical — which is exactly how this agreement is structured,” the senior official explained. “It’s designed to put in place robust verification and inspection mechanisms, ensuring Iran doesn’t reap the benefits of negotiations until we confirm it has taken concrete steps to dismantle its nuclear program.”
Past negotiations centered on timeframes of 10 or 20 years, requiring Iran to vow it would not develop nuclear weapons — but former President Donald Trump signaled this framework wasn’t sufficient for his administration. The official added the U.S. has no objection to Iran’s use of nuclear energy for civilian purposes. “W
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SpaceX's stock rose 19% on its first day of trading, surpassing a $2 trillion market cap to become the sixth largest company in the United States.
On June 13, SpaceX made its highly anticipated debut on the Nasdaq, soaring in value to surpass a $2 trillion valuation. The trading launch went more smoothly than many industry observers had projected. The stock began trading Friday morning, climbing 15% to 30% above its Thursday IPO offering price for most of the day with minimal volatility. By the market close, the stock was priced at roughly $161, a 19% gain, catapulting SpaceX to the spot of the sixth-largest publicly traded company in the U.S. The official final settlement price has not yet been determined.
Trading volume for the session topped 500 million shares, with total transaction value hitting around $800 billion. Ahead of this launch, market analysts had expressed concerns that an influx of new stocks — including upcoming IPOs from Anthropic and OpenAI, coming after a prolonged dry spell in new listings — would drag down overall market performance. However, by the end of the day, investors across the board, from major in
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