Business
What we know and dont know about the emerging deal to end the Iran war
Here’s what we know and don’t know:
The war would end
A fragile ceasefire has held since ril 7. An end to the war would ease concerns throughout a region that saw Gulf havens and travel hubs like the United Arab Emirates struck by Iranian missiles and drones. It would allow for global shipping, including an estimated 20% of the world’s oil and natural gas, to begin flowing through the Strait of Hormuz again. It also would allow the rebuilding of energy and other infrastructure in the region.
Both regional officials said the draft deal includes an end to the war between Israel and Hezbollah, as well as a commitment to not interfere in the domestic affairs of countries in the region including Iran. That’s a critical reference to Iran’s support for proxies, which also include the Houthi rebels in Yemen, Hamas militants in Gaza and Shiite armed groups in Iraq.
The U.S. wants Israel to have a free hand to respond to what it views as threats in Lebanon while Iran rejects it, one regional official said. The U.S. official said the deal would guarantee Israel’s right to act against imminent threats in self-defense.
The Strait of Hormuz would reopen gradually
Iran’s nuclear program, missile program and support for armed proxies were the stated reasons for the U.S. and Israel attacking Iran. But Tehran’s retaliatory grip on the Strait of Hormuz quickly shot to the top of global concerns as hundreds of ships carrying oil, natural gas, fertilizer and other supplies were stranded.
The U.S. would allow Iran to sell its oil through sanctions waivers, said one of the officials, who has been briefed on the negotiations. Sanctions relief and the release of Iran’s billions of dollars in frozen funds would be negotiated during a 60-day period, the official said.
Iran would give up its stockpile of highly enriched uranium
Iran’s nuclear program and international concerns over its possible pursuit of a nuclear weon underlie all tensions, and the U.S. and Israel have considered highly complex military operations to go in and take out its highly enriched uranium.
Under the potential deal, Tehran would agree to give up that stockpile of highly enriched uranium, according to the regional officials. One official, with direct knowledge of the negotiations, said how Iran would give it up would be subject to further talks over the 60-day period. Some would likely be diluted and the rest transferred to a third country, potentially Russia, the official said. Russia has offered to take it.
A U.S. official confirmed the 60-day period and said if Iran doesn’t give up its stockpile, there will be no sanctions relief.
Iran has 440.9 kilograms (972 pounds) of uranium that is enriched up to 60% purity, a short, technical step from weons-grade levels of 90%, according to the International Atomic Energy Agency.
Iran says it has an “inalienable” right to nuclear technology while insisting its program is peaceful. On Sunday, President Masoud Pezeshkian told state TV they were ready “to assure the world that we are not after a nuclear weon.”
Trump on Sunday on social media said that “our relationship with Iran is becoming a much more professional and productive one. They must understand, however, that they cannot develop or procure a Nuclear Weon or Bomb.”
What pears to be missing
Other issues have not been mentioned in descriptions of the emerging deal, including the status of Iran’s uranium enrichment.
Another is Iran’s missile program, which Israel in particular has sought to destroy.
And while the United States and Israel entered the war with stated ambitions of seeing Iranians rise up against their government after nationwide protests early in the year, any discussion of leadership change in Tehran pears to be out.
As for Iran’s past stated aims during negotiations, there pears to be no mention of any withdrawal of U.S. forces from the region, or for reparations for the damage the war has caused.
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Superville reported from Washington and Anna from Lowville, New York.
Business
Rubios visit to India focuses on US trade tensions, the Quad alliance and sightseeing
In meetings Sunday with Indian Prime Minister Narendra Modi and Foreign Minister Subrahmanyam Jaishankar, Rubio stressed cooperation on trade, energy, defense and maritime security. Rubio said the countries remained strategically aligned and expressed optimism about a broader trade deal.
Rubio’s four-day trip also includes talks with members from the Quadrilateral Security Dialogue, the Indo-Pacific alliance more commonly known as the Quad.
Here is what Rubio’s visit means for India-U.S. ties:
India-US ties strained by tariffs
The two countries later reached an interim trade arrangement that eased some tariffs and expanded Indian purchases of U.S. goods, including energy products. But talks on a broader trade deal remain unresolved.
Despite the tensions, India and the U.S. continue to strengthen defense and technology ties, with Washington viewing India as a key counterweight to China in the Indo-Pacific region.
During his talks with Jaishankar on Sunday, Rubio described India as one of Washington’s most important strategic partners and said he was optimistic the two countries would finalize a bilateral trade deal soon. Rubio also conveyed an invitation from U.S. President Donald Trump for Modi to visit Washington later this year.
Questions over the Quad’s role
The grouping has become a key platform for cooperation on maritime security, supply chains and regional strategy as China expands its military and economic influence in the Indo-Pacific.
Praveen Donthi, a senior analyst at the International Crisis Group, said India’s growing global influence has been largely tied to its role in balancing China’s power in the region and any shift in U.S. policy toward Beijing could affect New Delhi’s strategic value to Washington.
“If the U.S. changes its proach towards China, it will diminish India’s importance,” Donthi said.
Iran war adds pressure on India
Jaishankar said Sunday that India would continue expanding energy imports, including from the U.S., while diversifying suppliers to keep markets stable and prices affordable. He said New Delhi wants energy markets to remain open and unconstrained to support global economic growth.
India’s purchase of discounted Russian crude since the start of the Ukraine war has at times strained relations with the U.S.
Washington has urged India to increase purchases of U.S. oil and gas as part of broader efforts to diversify energy supplies, with Rubio emphasizing stronger energy cooperation during meetings in New Delhi.
Sightseeing in India
Alongside official meetings, Rubio’s visit also has included cultural engagements.
Rubio’s itinerary includes stops in the cities of Agra and Jaipur, two of India’s most visited tourist destinations known for monuments, forts and palaces.
Business
Details emerge of a potential Iran deal as Trump says not to rush
“The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side,” Trump said on social media Sunday. He said the U.S. relationship with Iran is becoming “much more professional and productive.”
The emerging deal would include Iran giving up uranium
Iran’s President Masoud Pezeshkian told state TV they were ready “to assure the world that we are not after a nuclear weon.” Iran’s embassy in India responded to Rubio on social media, saying Tehran has an “inalienable” right to nuclear technology.
Iran has always insisted its program is peaceful while enriching uranium to near weons-grade levels.
Under the potential deal, Tehran would agree to give up its stockpile of highly enriched uranium, according to the two regional officials, who spoke on condition of anonymity to discuss the sensitive negotiations.
One official, with direct knowledge of the negotiations, said how Iran would give up the uranium would be subject to further talks during a 60-day period. Some would likely be diluted, while the rest would be transferred to a third country, the official said. Russia has offered to take it.
Iran has 440.9 kilograms (972 pounds) of uranium that is enriched up to 60% purity, a short, technical step from weons-grade levels of 90%, according to the International Atomic Energy Agency.
On Saturday, Iranian Foreign Ministry spokesman Esmail Baghaei told the state-run news agency that there are “narrowing differences” between the Iranian and U.S. positions, but that Iran is cautious after being attacked twice in the past year during nuclear negotiations.
Pakistani army chief Asim Munir, a key mediator, left Tehran late Saturday after more talks with Iranian officials.
The strait would reopen and Iran would be able to sell oil
Under the emerging agreement, the Strait of Hormuz would gradually reopen in parallel with the U.S. ending its blockade, the officials said.
The U.S. would allow Iran to sell its oil through sanctions waivers, said the second official, who has been briefed on the negotiations. Sanctions relief and the release of Iran’s frozen funds would be negotiated during the 60-day time frame, the official said.
Several countries, including the European Union and the United Kingdom, welcomed progress on a possible deal with Iran.
Israel remains concerned over Hezbollah
Science Minister Gila Gamliel, a member of Netanyahu’s Likud party and part of his national security cabinet, told Israel’s Army Radio that Israel is taking a “wait-and-see” proach.
Israeli officials are concerned that Hezbollah remains a serious threat to Israel and that Lebanon is ill-equipped to disarm it.
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Lidman reported from Tel Aviv, Israel. Associated Press writers Sheikh Saaliq in New Delhi and Munir Ahmed in Islamabad contributed to this report.
Business
Building under construction in Philippines collapses, leaving 1 dead and 21 trapped
ANGELES, Philippines () — A nine-story building under construction in a city north of the Philippine cital collsed before dawn on Sunday, leaving at least one Malaysian tourist dead and at least 21 mostly workers trped in the rubble, officials said. Two were located alive but could not be immediately extricated.
At least 24 workers either managed to dash out of the building, where they mostly slept on the ground floor, or were rescued after the it crumbled to the ground around 2:30 a.m. in a crowded neighborhood of budget hotels, cafes, spas and rural houses outside a former U.S. Air Force base, officials said.
A Malaysian tourist died and another guest was injured in a lodging house, which was partly hit by debris from the collsing building in Angeles City in Pampanga province, Fire Superintendent Maria Lea Sajili said.
Relatives of those trped under concrete slabs, twisted iron bars and aluminum scaffoldings and other debris prayed and wept as they waited for word from about 700 rescuers gingerly scouring the rubble pail to create space for them to safely move into the collsed structure.
“This is the worst day of our lives,” Joamel Angcao, an 18-year-old student, told The Associated Press as she and other siblings waited for word on their parents, who were among those trped.
Her parents were tending to their food and coffee cart positioned beside the building when it tumbled down. The parents had struggled through poverty to send her and another sibling to school, Angcao said, tears welling in her eyes.
John Carlo Villarente, a young plumber, said that he stepped out of the building about two hours before it collsed after heavy rains and fierce wind to have a drink.
“I was so shocked, there were people inside, including my nephew,” Villarente told The . “We ran and tried to help but we were not allowed to ger near because people said it was very dangerous.”
Randy Alide, a 41-year-old plumber who was off-duty when the accident unfolded, said he rushed back to the scene and helped rescuers locate trped workers by drawing a m to pinpoint their location. “I know three of the missing. They are breadwinners and they have families waiting for them,” Alide said.
Sajili said two of the trped workers were located alive by rescuers but it was taking time to pluck them out safely. Ambulance vans, firefighters and police lined up waiting for the two to be extricated.
Nearly 200 police officers were helping in the rescue, which would proceed overnight “until all are accounted for,” regional police director Brig. Gen. Jess Mendez said.
Angeles City hosted one of the largest U.S. Air Force bases outside of the American mainland until it closed in the early 1990s, helping develop Angeles and outlying cities and towns into entertainment and commercial hubs in the main northern Philippine region of Luzon.
The former American air base, now a bustling industrial and tourism enclave called the Clark Freeport Zone, lies about about 80 kilometers (50 miles) north of Manila.
Business
Secret Service shoots person near White House, bystander also shot, law enforcement official says
WASHINGTON () — The U.S. Secret Service shot a person near the White House on Saturday, and a bystander also was shot, a law enforcement official said.
Both individuals were said to be in critical condition, according to the official, who spoke on the condition of anonymity because they were not authorized to discuss the investigation.
Journalists working at the White House on Saturday reported hearing a series of gunshots and were told to seek shelter inside the press briefing room.
On X, the Secret Service said it was “aware of reports of shots fired near 17th Street and Pennsylvania Avenue NW” — one block from the White House — and was “working to corroborate the information with personnel on the ground.” It said it will have an update shortly.
In a social media post, FBI Director Kash Patel said officers were responding to shots fired and said he would “update the public as we’re able.”
In a post shared on X, Selina Wang, the senior White House correspondent for ABC News, shared dramatic video of the moment she said she heard what “sounded like dozens of gunshots” and ducked for cover. Writing that she had been performing a task that reporters at the White House do day in and day out — filming themselves on a cellphone, for a social media post — Wang’s video shows her speaking for a few seconds about Trump’s statements earlier Saturday about a potential Iran deal.
As the sounds of gunfire are heard in the background, Wang’s eyes grow wider, and she ducks down in the media tent, which is among those situated in a line along the White House driveway where broadcasters film their reports. On X, Wang’s video had been shared thousands of times as of Saturday evening, and viewed at least 3 million times.
The Metropolitan Police Department said on its X Account that the Secret Service was working the scene and cautioned people to avoid. The scene is near where a gunman ambushed two members of the West Virginia National Guard last November.
U.S. Army Specialist Sarah Beckstrom, 20, died from her wounds. Andrew Wolfe, then 24, was critically wounded. Rahmanullah Lakanwal has been charged in that incident.
Following that scare, Secret Service officers shot a suspect they said had fired at officers near the Washington Monument, also near the White House. Michael Marx, 45, of Midland, Texas, was charged in a complaint filed in U.S. District Court in connection with the May 4 shooting. A teenage bystander was wounded in that incident.
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Associated Press photojournalists Jose Luis Magana and Alex Brandon and writers Gary Fields, Meg Kinnard and Matthew Daly contributed to this report.
Business
Irans soccer federation says teams World Cup base camp has been moved to Mexico from the US
Mehdi Taj, president of the Iran Football Federation, announced the decision Saturday in a statement issued by the federation’s media relations official. FIFA has not confirmed the move.
The federation says the team will now be based in Tijuana, Mexico, just south of San Diego. This year’s World Cup runs from June 11 to July 19 and will be co-hosted by the U.S., Canada and Mexico.
“All team base camps for the countries participating in the World Cup must be proved FIFA,” Taj said in his statement. “Fortunately, following the requests we submitted and the meetings we held with FIFA and World Cup officials in Istanbul, as well as the webinar meeting we had yesterday in the Tehran with the respected FIFA secretary general, our request to change the team’s base from the United States to Mexico was proved.”
Iran plays Group G games in Inglewood, California, against New Zealand on June 15 and Belgium six days later, then faces Egypt on June 26 in Seattle. The federation said Tijuana’s relatively close proximity to Inglewood, a suburb of Los Angeles, will benefit the team and the new location “includes all training facilities, gym, private restaurant and everything else the team needs.”
Team Melli is pearing in its fourth straight World Cup and seventh overall. It has never advanced past the first round.
Iran’s federation said moving the base camp will resolve potential visa issues since the team will enter the U.S. through Mexico. The president said that the team “may even be able to travel to and from Mexico using Iran Air flights.”
Teams use base camps for training ahead of and after matches.
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Max Healthcare plans to build 712-bed facility for Rs 1,400 cr in Lucknow. When announcing the company’s fourth-quarter, FY26 results, Max Healthcare said that “the board approved an expenditure of Rs 1,400 crore to construct a 712 bed greenfield hospital in Shaheed Path, Lucknow.” The facility is expected to be completed in FY30, and Max hopes to meet the increasing demand for healthcare in Uttar Pradesh. Max Healthcare, whose market capitalisation surpassed Rs 1 lakh crore last year, is expanding its operations into non-metro areas. As part of its growth strategy, the company will be focusing on both brownfield and greenfield projects to reach its target of 10,000 beds in FY2030.
