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The Rest of the World Report | May 25, 2026 — Morning Edition
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THE DEAL IS CLOSE. IT IS NOT DONE.
On Saturday, President Trump announced that a peace deal with Iran was “largely negotiated” and would be announced shortly. On Sunday, he walked it back. Negotiations, he posted, were “proceeding in an orderly and constructive manner,” but he had told his team “not to rush into a deal” because “time is on our side.” The naval blockade of the Strait of Hormuz, he added, would remain in full force until an agreement is “agreed, certified, and signed.”
The deal…
The skinny
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