US-Iran Ceasefire & MoU: The US and Iran are set to sign a framework deal in Switzerland on Friday, extending the Lebanon ceasefire and paving the way for talks within 60 days, with the Strait of Hormuz expected to reopen and a naval blockade lifted. G7 Pressure on Nuclear & Lebanon: G7 leaders meeting in Evian demanded a Lebanon ceasefire, backed follow-on diplomacy to ensure Iran never gets a nuclear weapon, and said a UK-France-led maritime effort will help secure shipping as mines are cleared. Hormuz Shipping Reality Check: Despite optimism, shipowners are still cautious; reports say Iranian tankers have begun exiting the blockade perimeter, while questions remain over fees, timelines, and how fast traffic can normalize. $300B Private Investment Fund: Reuters reports the deal includes a $300 billion private investment fund to spur Iranian projects, with more than half already committed, alongside sanctions relief tied to the process. Israel-Lebanon Spoiler Risk: Iran says the war can’t fully end unless Israel withdraws from occupied areas in Lebanon, while Netanyahu insists Israel will stay “as long as necessary,” keeping the agreement fragile. Regional Diplomacy: Oman reiterated commitment to safe maritime transit through Hormuz, and Pakistan facilitated repatriation of 30 Iranian nationals via Karachi. Qatar Governance Push: Qatar joined the first Arab forum on Administrative Justice and Integrity in Cairo, focusing on transparency and accountability in public administration. World Cup Fallout in the US: Iran’s team faced visa and travel disruptions despite the MoU, with the coach calling Iran “one of the most oppressed teams” amid polarized fan politics.