Brief

Iran's President Masoud Pezeshkian has ordered the restoration of international internet access, which has been largely unavailable to citizens for approximately 90 days. This decision follows a period of significant restrictions imposed due to protests and escalating regional conflicts. The exact timeline and method for reconnecting to the global web remain unclear, as authorities have also been developing a national intranet. AI

The United States and Iran are reportedly nearing an agreement to end their ongoing war, with indirect talks progressing towards a memorandum of understanding. This potential deal, which includes discussions on the Strait of Hormuz but excludes nuclear issues, comes as global oil prices and debt markets show volatility. Despite diplomatic efforts, tensions remain high, with warnings of renewed strikes if an agreement is not reached, impacting summer travel and energy costs. AI

Iran is experiencing severe economic hardship, with inflation rates soaring by up to 100% on certain items in a matter of days due to ongoing conflict and a collapsing currency. The war has led to widespread job losses, with a million people reportedly out of work, and has damaged key industries like oil and manufacturing. Despite these challenges, the government is attempting to manage the crisis through measures like rationing, price controls, and financial aid, though these efforts further strain state finances and reconstruction costs are estimated to be astronomical. AI