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Jessica Tarlov and Scott Galloway dive into the newly released details about the “memorandum of understanding” that President Trump has signed with Iran, purportedly ending the monthslong conflict, and launching a new chapter in U.S.-Iran relations. The agreement includes at least $300 billion in funding for Iran's reconstruction and economic development, a reopening of trade and shipping routes, and a framework for future negotiations.
But major questions remain. The deal does not address Iran's ballistic missile program, its conventional military forces, or the broader regional tensions involving Israel and Hezbollah. Scott and Jessica break down what's actually in the deal, why Iran ultimately agreed to it, what it means for Israel and America's allies, and whether this will be a lasting peace or simply a temporary pause in the fighting.
Plus: new Federal Reserve Chair Kevin Warsh's first major policy meeting took place, with some noteworthy differences from his predecessor Jerome Powell. Are interest rate hikes still on the table?
And finally, both Scott and Jessica have a case of World Cup fever. They talk about reporting that fans of Scotland have taken over Boston and depleted some of the city’s most important natural resources.
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