Live updates: Trump reviews possible Iran deal as U.S. imposes new sanctions

The U.S. is moving cautiously on a potential deal with Iran to extend a ceasefire and restore shipping through the Strait of Hormuz, a critical trade route handling 20% of the world’s oil. Former President Donald Trump is reviewing the latest draft of a proposed agreement but has not yet approved it, according to U.S. officials. The uncertainty follows a period of heightened tensions, including recent attacks between the two countries that briefly reignited fears of renewed conflict. New sanctions on Iran’s oil trade were announced by the State Department and Treasury Department, despite ongoing negotiations. The measures come as oil prices fell by 1.8%, with Brent crude trading at around $92 a barrel, reflecting a nearly 20% drop in May. Investors reacted positively to the prospect of a deal, with European shares rising as markets anticipated a potential easing of the crisis. France has launched an investigation into the treatment of French nationals detained by Israel after participating in a flotilla attempting to breach Gaza’s blockade. French Foreign Minister Jean-Noël Barrot cited reports of sexual violence, beatings, and humiliation, describing the alleged acts as likely criminal offenses. The probe follows global outrage after far-right Israeli National Security Minister Itamar Ben-Gvir released footage showing detained activists forced to kneel and endure degrading treatment. Meanwhile, Israel has issued additional mass evacuation orders in southern Lebanon, escalating tensions in the region. The moves come amid ongoing conflicts in Gaza and broader instability in the Middle East. The situation remains fluid, with diplomatic efforts focused on preventing further escalation while addressing humanitarian concerns.