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The memorandum of understanding between the US and Iran aims to expand on the ceasefire and get traffic flowing through the Strait of Hormuz. But at less than 800 words in English, the 14-point outline leaves a lot of details for later, including the touchy subject of Iran’s nuclear program. Read through the draft agreement line-by-line: cnn.it/4fOngyF

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The US Federal Reserve leaves interest rates unchanged in Kevin Warsh's first meeting as chairman. Follow live updates. cnn.it/4gru8SE

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US releases official 14-point agreement with Iran. The deal is due to be formally signed on Friday. cnn.it/4uNHuMJ

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The Federal Reserve is expected to keep interest rates on hold this week. But for investors, economists and anyone hoping for lower borrowing costs, the bigger question is what comes next under new Chairman Kevin Warsh. cnn.it/43GC772

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Long Island serial killer Rex Heuermann is sentenced to life in prison without parole after admitting to slayings of eight women over a 17-year period. Follow live updates. cnn.it/4uIz6ht

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Tropical Storm Arthur forms off the Texas coast. The first named storm of the 2026 Atlantic hurricane season is a major flood threat for Gulf states. cnn.it/4eNOiVN

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Luigi Mangione's attorneys will present a psychiatric defense at trial, arguing he killed UnitedHealthcare's CEO while experiencing an extreme emotional disturbance. cnn.it/4a2580v

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The agreement between Iran and the US lays out the terms of the ceasefire between the bitter rivals, the reopening of the Strait of Hormuz, some financial relief for Iran and a reiteration from Tehran that it will never produce a nuclear weapon, according to a draft copy of the text obtained by CNN. cnn.it/3SKWuxq

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Editor's Note: This post has been updated from a previous version. It is a 14-point draft agreement between the US and Iran.

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Activewear brand Lululemon is in hot water in China after a promotional event held on the Great Wall appeared to mistakenly feature a Japanese drum – setting off an online furor. cnn.it/4uEeiaQ

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A small jet carrying six people crashed on a highway in South Texas Tuesday evening, with bystanders jumping in to assist emergency services in rescuing passengers from the fiery wreckage. cnn.it/3QjJAWx

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President Donald Trump said he is canceling a planned hearing for his nominee to serve as director of national intelligence, venting frustration at legislative maneuvering over a US surveillance law. cnn.it/4vfNr62

Trump says he is canceling DNI hearings as he vents frustration at legislative maneuvering over...

President Trump says he is canceling a planned hearing Wednesday for his nominee to serve as Director of National Intelligence, venting frustration at legislative maneuvering over a US surveillance...

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A small jet carrying six people crashed on a highway in South Texas Tuesday evening, with bystanders jumping in to assist emergency services in rescuing passengers from the wreckage. cnn.it/4uLrIlB

Bystanders rush to rescue passengers after small plane crashes on Texas highway, killing 1 | CNN

A small jet carrying six people crashed on a highway in South Texas on Tuesday evening, killing one person as bystanders and emergency workers rushed to rescue people from the fiery wreckage,...

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A severe thunderstorm outbreak fueled by an unusually strong storm system for June is possible Wednesday in the Midwest with intense, long-lived tornadoes, large hail and widespread damaging wind gusts all on the table. cnn.it/49ZZsUQ

Severe thunderstorm outbreak to target the Midwest Wednesday with intense tornadoes possible | CNN

A severe thunderstorm outbreak is possible Wednesday in the Midwest with intense, long-lived tornadoes, large hail and widespread damaging wind gusts all on the table.

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Saturday night’s Game 5 telecast averaged 24.5 million viewers, making it the most-watched NBA Finals Game 5 since 1998, according to Nielsen ratings figures that were released Tuesday afternoon. cnn.it/4fLck4P

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US Rep. Barry Moore will win the Alabama Republican primary for the seat held by outgoing Sen. Tommy Tuberville, CNN's Decision Desk projects. The small business owner and US representative for the state's 1st Congressional District was endorsed by President Donald Trump to succeed Tuberville, who is running for governor. cnn.it/4eqlSjh

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A 23-year-old man has been taken into custody in Philadelphia after one person died and another was injured in a shooting at a Wilmington, Delaware, hospital, the Wilmington Police Department said. cnn.it/4euXq0i

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Former state Sen. Mike Mazzei and Oklahoma Attorney General Gentner Drummond will advance to an August 25 runoff for the Republican gubernatorial nomination in Oklahoma, CNN’s Decision Desk projects. cnn.it/4vhr2FG

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Billionaire businessman Rick Jackson will win the Republican nomination for Georgia governor, CNN's Decision Desk projects. Jackson, a political newcomer who oversees a healthcare staffing company, plowed more than $100 million of his fortune into the contest to knock off Lt. Gov. Burt Jones, a close Trump ally. cnn.it/4eM2Q8i

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