THE ISLAMABAD MEMORANDUM: It sounds like the title of a John le Carré novel but that’s the name of the deal that would give Iran $300 billion for reconstruction, lift restrictions on their oil exports,  and allow 60 days to talk about the future of their nuclear program. The details were released yesterday and President Trump has already signed it.

  Trump posted on his Truth Social, “These fools, who think I haven’t been tough enough on Iran, when the Stock Market Just Hit A RECORD HIGH, and Oil prices are ‘tumbling’ down, are either jealous, bad people, or stupid.”

  Notably, the document says, “The Islamic Republic of Iran reaffirms that it shall not procure or develop nuclear weapons.” But what the war and tentative peace have demonstrated is the Iran was able to lose on the battlefield and use economic chaos to fight the US to a stalemate.

  The two countries agreed to an immediate cessation of war on all fronts, including in Lebanon. The agreement says the US will immediately begin to lift its naval blockade of the Strait of Hormuz and Iran will make its best efforts to assure the safe passage of shipping.

  President Trump at the G-7 in France denied that the US will have a part in paying the $300 billion in reparations to Iran and claimed that this will be a much better agreement than the one Barack Obama negotiated and Trump threw out in his first term.

  In an expletive-laden rant, Trump repeated his claim that Obama had given Iran “$1.7 billion in cash”  and that Iran had “laughed at Obama, and they said he’s a stupid son of a bitch.”

  Trump claimed even before details were released that,  “Nobody knows what it is, but it’s very strong,” and that “most people” and “the market” are happy about it. 

  Trump said that Iran will “work closely” with the US to surrender bomb grade uranium that’s “very deep in the bowels of the Earth.” He said, “When we have a chance, we’ll do it, but in the meantime, we have cameras on every inch of it. Nobody can do it, and if they do, we’ll hit them with Patriots.” 

  Patriots are anti-aircraft missiles, not used for ground attack.

  Trump also threatened, “If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs right smack in the middle of their head.” 

  Trump told a reporter, “If it works out, I’m going to take the credit. If it doesn’t work out, I’m blaming JD” — JD Vance, the vice president. 

RAMBLE ON: “They were enriching material under granite mountains, granite being for those not in the construction business. Granite being a very strong — the strongest stone. It’s not as pretty as marble, but it’s much more — it’s much stronger. It’s a lot stronger, like the new granite I put on the stairs of the White House going to the Oval Office, the black granite. It’s rated one million years plus.” 

THE OTHER WAR: Moscow was hit today the biggest wave of Ukrainian drones since the start of the war. Drones hit a refinery and disrupted local air traffic.

  This happened immediately after President Trump said he’d had “very good talks” with President Volodymyr Zelensky of Ukraine and Russia’s president, Vladimir Putin, a day after suggesting that the US had “nothing to do” with the war. Trump has repeatedly claimed to have had productive talks with the two leaders while failing on his campaign promise to end the Russia-Ukraine war with a single phone call. The war is in its fifth year. 

IT’S POLITICAL: The leaders of the Georgia House of Representatives decided not to redraw the US House districts held by Black Democrats just hours before a special session was to begin. Republican Gov. Brian Kemp had called the session to draw legislative maps favorable to his party before the 2028 election. 

  A statement from Republican leadership said, “Changes to Georgia’s maps should take place only when members of the General Assembly and citizens have been given ample opportunity to gather the facts, provide input, and engage in meaningful discussion.”  

INFINITE SCROLL:

— The Trump administration has agreed to pay $765 million to cancel four more wind power projects, bringing the total paid to $2.5 billon for not building wind power. Trump has said wind power is a waste and when the wind stops blowing your television goes off. 

— President Trump visited The Palace of Versailles yesterday where the gold decorations are gold rather than gold leaf on ornaments from Home Depot. 

THE SPIN RACK: An 18-year old tourist from India was killed yesterday when the driver of a Central Park horse carriage got out to take a picture and the horse bolted. The carriage ultimately overturned. —  Five people amazingly escaped the wreckage of a burning private jet that crashed on a highway in Laredo, Texas. One person died as passersby rushed to rescue survivors. — Rex Heuermann, 62, dubbed “the Gilgo Beach Killer” for murdering prostitutes and dumping their bodies near a Long Island Beach, was sentenced yesterday to life in prison. New York does not have the death penalty. Heuermann admitted killing eight women. — The New York Police Department says it will assign 10,000 officers, the largest number ever for such an event, to monitor the parade today for the NBA champion New York Knicks.

BELOW THE FOLD:  President Trump put up a long post yesterday congratulating the USGA for not approving a new golf ball that would not fly as far as the current ball. Focusing on the matters Americans care about most, Trump wrote, “The game of Golf is ‘hot as a pistol.’ The last thing we should do is tell people that, for no reason whatsoever, you will not be able to hit a ball as far as you used to.”

  America at long last is great again.