U.S. official says Iran agreement will immediately trigger sanctions relief.

CNN reported the English text of the US‑Iran 14‑point memorandum is under 800 words and leaves many details, including sensitive elements of Iran’s nuclear program, to be defined later. The memorandum commits to substantial financial relief: lifting sanctions would allow Iran to resume oil sales and could unlock tens of billions in frozen assets plus up to $300 billion in financing support. The Trump administration is pressing multi‑point frameworks; prior proposals included a 20‑point Gaza ceasefire plan and a failed 28‑point Russia‑Ukraine plan.

Fed FOMC median GDP growth projections for 2026–28 are 2.2%, 2.3% and 2.2% respectively (March projections: 2.4%, 2.3%, 2.1%).