Iranian official says end of war includes end of Israel’s occupation of Lebanon
DUBAI, United Arab Emirates (AP) — Iran’s top diplomat said Tuesday that the deal ending the war with the United States would also require Israel to withdraw from Lebanon, raising questions about the still-unpublished agreement and whether disagreement over its terms could prolong conflict.
Foreign Minister Abbas Araghchi told diplomats from other countries that Israel’s continued occupation of southern Lebanon would violate the memorandum of understanding reached between the United States and Iran, in comments aired on Iranian state television.
“The end of the war in Lebanon is an inseparable part of complete end of the war,” Araghchi said. “Without the withdrawal of Israeli forces from the territories they occupied during this war, the war has not fully come to an end.”
Araghchi said further Israeli attacks on Lebanon “will be considered by us a violation of the Memorandum of Understanding.”
The United States has not said whether Lebanon was part of the final agreement. But Araghchi's description clashes with statements made by Israeli officials about the deal to end the war that started with joint U.S.-Israeli airstrikes on Feb. 28.
Trump's Iran deal greeted with skepticism and scrutiny on Capitol Hill
WASHINGTON (AP) — Republicans on Capitol Hill said Monday they need more information about the agreement between the United States and Iran announced by President Donald Trump, and some are expressing skepticism as they ask the White House for details.
The agreement announced Sunday to end the war in Iran, set for a ceremonial signing Friday in Geneva, is centered around reopening the Strait of Hormuz and lifting the United States’ naval blockade in the region, along with financial incentives for Iran if it meets certain benchmarks. But Senate Republicans and Democrats who returned to Washington on Monday said there were still many unanswered questions about the deal and they need thorough briefings before it is finalized.
“I just don’t know enough about it,” Senate Majority Leader John Thune, R-S.D., told reporters in the Capitol. “Even the people who follow this stuff closely up here don’t know that much about it.”
Congressional leaders and intelligence committees generally receive higher-level intelligence briefings before rank-and-file members, and they are notified of major developments before they are announced. But Thune said he had not been personally briefed on the deal.
“I think that my understanding of what it entails — and, again, not having seen anything — it would require, I think the issues are going to be compliance, and how are you going to enforce that,” Thune said.
8 people died in B-52 bomber crash at US Air Force base in Southern California, officials say
LOS ANGELES (AP) — A B-52 bomber crashed shortly after takeoff at a U.S. Air Force base in Southern California’s Mojave Desert and burst into flames Monday, killing all eight people aboard, military officials said.
Aerial footage showed virtually nothing left of the aircraft that went down around 11:20 a.m. during a routine test mission at Edwards Air Force Base, which is north of Los Angeles. Black smoke rose from a large swath of charred desert near the runway on the base, with emergency vehicles nearby.
Those on the B-52 included government contractors and uniformed military. Aircraft manufacturer Boeing confirmed Monday evening that two of its employees were on board.
After reviewing footage of the crash, it was determined that no one could have survived, Col. James Hayes, the deputy commander for the 412 test wing at Edwards, said at a news conference.
“We lost eight great Americans,” Hayes said, adding that officials were working to notify their families.
G7 leaders open summit talks on Ukraine and the Middle East as Zelenskyy joins in France
EVIAN-LES-BAINS, France (AP) — Ukrainian President Volodymyr Zelenskyy joined world leaders at the Group of Seven summit of major industrialized nations Tuesday for talks on ending the war in Ukraine after more than four years of conflict sparked by Russia’s full-scale invasion.
Zelenskyy was welcomed by French President Emmanuel Macron ahead of a morning working session with G7 leaders to discuss the war.
The Ukraine talks come on the heels of U.S. President Donald Trump's announcement of an agreement to end the 3 1/2-month-old U.S. war against Iran. Trump said he had good conversations on Sunday with both Zelenskyy and Putin.
“Now that this (Iran) is finished, we’re going to be focusing on that,” he said at the G7 summit.
Five of the seven leaders, representing Britain, Canada, Germany, Italy and Japan, were huddled in conversation with European Commission President Ursula von der Leyen before the start of the first session on Ukraine. Trump was missing. Macron, too, hadn’t arrived yet because he was with Zelenskyy.
What to know about the demining and escort mission that US allies want for the Strait of Hormuz
EVIAN-LES-BAINS, France (AP) — The naval mission for the Strait of Hormuz that U.S. allies are proposing as a follow-up to a deal to end the Iran war would aim to reassure crews and shipping insurers that vessels can safely navigate the narrow waterway again, by removing any explosive mines and potentially providing military escorts.
France and Britain have been working on the plans for months. French President Emmanuel Macron floated the idea back in March when the war was raging, saying warships could escort tankers and container ships through the maritime chokepoint when the conflict dies down.
U.S. President Donald Trump told Macron on Monday at the Group of Seven summit that he doesn't see a need for "much help” because the strait is “going to be open” thanks to the tentative deal with Iran.
“But I don’t think it’s a bad idea to have a ship or two up here from a few countries. You’d be a great country to do it," Trump told the French leader.
Here's a closer look at the envisioned mission that U.S. allies are pitching to speed the return of oil and gas supplies:
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China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
WASHINGTON (AP) — For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America.
But the campaign hasn’t dented China’s industrial prowess.
The world’s second biggest economy is exporting more products than ever. It’s just redirecting them away from the U.S. tariff wall and toward more open markets in Europe and elsewhere in Asia.
The shift in Chinese trade risks creating a European sequel to the China Shock that wiped out hundreds of thousands of factory jobs in the American heartland in the 2000s and contributed to the political upheaval that put Donald Trump in the White House twice.
Despite U.S. sanctions, China last year notched a record global trade surplus — an astonishing $1.2 trillion.
What to know about Edwards Air Force Base in Southern California’s Mojave Desert
EDWARDS AIR FORCE BASE, Calif. (AP) — For decades, a U.S. Air Force base in Southern California’s Mojave Desert has been a hotbed of some of the most innovative flight research in the U.S.
From a test pilot breaking the sound barrier to a space shuttle touching down, aviation history has often been made at Edwards Air Force Base, about 100 miles (161 km) north of Los Angeles.
There has also been tragedy, like the one that unfolded Monday when a B-52 bomber crashed shortly after takeoff at the base and burst into flames, killing all eight people aboard.
Here’s a closer look at Edwards Air Force Base and some of its notable moments:
Within months of officials establishing a permanent base to train combat flight crews at the vast desert site, it made history.
Higher prices for gas, groceries and flights will likely outlast the Iran war
NEW YORK (AP) — A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict.
Not so fast, experts say.
Even after oil starts flowing again from the Middle East, it could take a while for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts.
Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertilizer, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too.
“It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off,” Brett House, an economist who teaches at Columbia Business School, said. “In fact, by almost any measure, not just the American consumer, but the world, is worse off as a result of this attack.”
Global shares are mostly higher and Japan's Nikkei tops 70,000 before BOJ's rate hike
TOKYO (AP) — Global shares mostly advanced and Japan’s benchmark Nikkei 225 briefly topped 70,000 for the first time Tuesday before trimming early gains after the Bank of Japan raised its key interest rate to 1%.
The quarter percentage point hike took the benchmark rate to its highest level in three decades.
France's CAC 40 jumped 0.7% in early trading to 8,446.06, while the German DAX added 0.8% to 25,102.01. Britain's FTSE 100 surged 0.6% to 10,492.11.
The future for the S&P 500 was nearly unchanged while that for the Dow Jones Industrial Average edged 0.1% higher.
Japan's Nikkei 225 rose 0.1% to finish at 69,404.50, while South Korea's Kospi moved further into record territory, gaining 2.1% to 8,726.60.
All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
WASHINGTON (AP) — Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded?
On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair's pronouncements, will be watching particularly closely for any signs of which way he leans.
“We expect the press conference to be pivotal,” Jonathan Pingle, an economist at investment bank UBS, wrote in a note. “This will be Kevin Warsh’s first public appearance as Chair. ...We do not really know what his policy views are.”
Economists say Warsh will likely aim for a neutral approach, largely because he is taking over the Fed at a challenging time. Rising inflation has made it all but impossible for the Fed to cut interest rates anytime soon, which could stimulate growth and further raise prices. Hiring has improved noticeably since the beginning of the year, removing another key rationale for rate cuts. And the other 11 policymakers on the Fed's rate-setting committee — including Warsh's predecessor, former chair Jerome Powell — are split on whether an increase in the Fed's key rate will be needed or if it can stay unchanged.
Oil prices have fallen sharply on news that the U.S. and Iran have reached an initial deal to end their war, which could eventually cool inflation. Yet it's unclear whether a permanent agreement can be reached.

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