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Did Everyone Lose?

Plus: Anthropic drama, Biden delusion, and more...

Liz Wolfe | 6.16.2026 9:30 AM

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(Xinhua/Sipa USA/Newscom)

Docusign diplomacy: A digital preliminary memorandum of understanding between the U.S. and Iran has been signed, leading to an opening of the Strait of Hormuz and a 60-day pause in fighting while final details get hashed out.

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On Friday, a more formal signing will take place, and negotiations will begin on the more challenging details of the agreement.

MOU SIGNED, PER SENIOR U.S. OFFICIAL
OFFICIAL SAYS:
* TRUMP, VANCE SIGNED MOU, SO DID IRANIAN PARLIAMENTARY SPEAKER
* DEAL PROVIDES FOR IMMEDIATE OPENING OF STRAIT OF HORMUZ AND LIFTING OF U.S. BLOCKADE ON IRAN
* DETAILS OF AGREEMENT WILL BE PUT OUT WITHIN NEXT 24-48 HOURS
*…

— Phil Stewart (@phildstewart) June 15, 2026

"We are prepared to release frozen funds and we are prepared to relieve sanctions, and we'll do some small gestures of that in the beginning if they make some small gestures to us that show that they're willing to meet their commitments as well," a U.S. official told Reuters.

"In diplomatic terms, this........

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