The U.S.-Iran deal was signed electronically yesterday by President Trump, Vice President Vance and Iranian parliamentary speaker Mohammad Bagher Ghalibaf, senior administration officials told reporters today.

• The deal is testing whether Washington and Tehran can turn a battlefield pause into a broader settlement — starting with the Strait of Hormuz and then moving to the far thornier question of Iran's nuclear program, Axios' Dave Lawler and Barak Ravid report.

⏸️ A 60-day ceasefire extension is in effect, including in Lebanon, U.S. officials say.

• But the Strait of Hormuz isn't expected to begin reopening until after a formal signing ceremony Friday in Geneva.
• U.S. officials say the full text of the memorandum of understanding will be released in the next 24–48 hours — though Trump said it might not be published until after it's signed.

🏁 Washington and Tehran are racing to shape the narrative around a deal that's causing huge political and market reactions, even though few people have actually read it.

• The U.S. says relief for Iran will be tied to performance. Iranian state media has described a more generous package.
• Shipping companies say they're waiting for clearer guarantees from Tehran before sending cargo through Hormuz.
• Hawks in Washington and Israel are pressing the White House to explain exactly what Iran is getting — and what happens if nuclear talks fail.

🤔 Many key questions are still swirling around the deal: What does Iran actually get? Will Hormuz be truly open? Will Israel comply?

• A senior administration official told reporters today: "I think we'll know over the next two to three weeks whether those understandings will turn into an actual agreement."

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The public comment period for President Trump's Triumphal Arch closes early tomorrow, Axios D.C.'s Anna Spiegel reports.

• It's part of a legally required historic preservation review under the National Park Service.

🏗️ The proposed 250-foot structure would rise at Memorial Circle, between the entrance to Arlington National Cemetery and Arlington Memorial Bridge.

• The arch faces more federal reviews and another vote from the National Capital Planning Commission.

📸 What's next: A scaled-down photo-op version will be on display on the National Mall during the Great American State Fair.

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1. 🎆 President Trump is billing Washington's July 4 celebration of 250 years of American independence as a political rally for himself. Trump announced on Truth Social that "at The Lincoln Memorial and Washington Monument, in beautiful and safe Washington D.C., we are going to host the most spectacular TRUMP RALLY of them all." Go deeper.
2. 📺 Fox Corp. says it's acquiring Roku in a roughly $22 billion deal. The move would create a free streaming powerhouse by combining Roku's ad-supported channel with Tubi, Fox's ad-supported service. More from Sara Fischer.
3. 🇬🇧 Britain is banning children under 16 from using a range of social media apps, including Snapchat, TikTok and YouTube. Go deeper.
4. 🕶️ Facebook parent Meta is offering free Ray-Ban Meta smart glasses to every blind U.S. veteran. The glasses can identify objects, read text and offer other support for vision-impaired users. The program is inspired by Army veteran Don Overton. Go deeper.

Cape Verde — a tiny island nation of around 500,000 people off West Africa — stunned World Cup watchers this afternoon, holding global soccer behemoth Spain to a scoreless draw.

• The Athletic calls it "one of the most shocking results in World Cup history."

⭐️ The star of the show: Cape Verde's mononymous netminder, Vozinha.

• The 40-year-old keeper fended off all seven of the Spaniards' shots on target.

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