This is our flagship newsletter Morning Wire. You can subscribe here and we’ll email it to you daily.Welcome back, thanks for joining us. In today’s headlines: Trump raises expectations for an Iran deal; El Nino has formed in the Pacific and could set records, forecasters say; and Elon Musk’s SpaceX makes its Wall Street debut. Plus, the U.S. team’s first World Cup match and much more about the tournament.
Commerce Secretary Howard Lutnick speaks before President Donald Trump, in foreground, signs a proclamation about the fishing industry, in the Oval Office of the White House, Thursday, June 11, 2026, in Washington. (AP Photo/Jacquelyn Martin)
Trump is raising expectations that this time he really will close a deal with Iran to wind down warPresident Donald Trump announced Thursday that the U.S. and Iran could come to terms this weekend on an agreement that would set the pathway to end the 3-month-old war. Read more.What to know:Trump has said on several occasions in recent weeks that he’s on the cusp of a deal without anything coming to fruition. Still, Trump is claiming this time might be different. The breakthrough comes after he threatened to escalate the conflict with more intense bombardment of Iran and by seizing control of Iran’s oil industry, including capturing Iran’s vital Kharg Island oil facility. Trump told reporters that he believed the Iranian supreme leader, Ayatollah Mojtaba Khamenei, is ready to sign off on the deal. A spokesperson for Iran’s Foreign Ministry told state television following Trump’s comments that mediators were active but nothing had been finalized to end the conflict.Related coverage →Citing fallout from Iran war, World Bank cuts forecast for global economic growthWhere Trump has lost support with independents, according to AP-NORC pollingTrump nominates US Attorney Jay Clayton to be director of national intelligence
