Knicks Win NBA Title
The Knicks ended a 53-year championship drought. President Trump said the U.S. and Iran signed an agreement to halt fighting and reopen the Strait of Hormuz.
Washington ExaminerThe New York Knicks won the NBA championship over the weekend, ending a 53-year title drought. U.S. and Iran reached a tentative deal to end the war in the Middle East.
U.S. Navy’s blockade. U.S. official said Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf signed the agreement.
Trump stated the Strait of Hormuz would be “completely open” by Friday. French President Emmanuel Macron said France, the UK, and 20 other countries will lead a maritime effort to reopen the Strait of Hormuz.
U.S. Official stated it will take time to return Strait of Hormuz traffic to normal levels due to mines that need clearing. The same official said that in one to two weeks there will be a significant increase in Strait of Hormuz traffic, though not back to normal. -Iran agreement will be released in the next 24 to 48 hours.
Iranian state media released a 14-point document that includes a permanent halt to war, including in Lebanon, reopening of the Strait of Hormuz, a 60-day suspension of sanctions on Iranian oil sales, and reconstruction plans. 75%. 81%.
065 per gallon as of June 15, 2026. 197 per gallon as of June 15, 2026. 3 million barrels of crude oil.
3 million barrels was late summer 1983. 7 million barrels after former President Joe Biden approved the release of 180 million barrels. The SPR was created in 1975 following the Arab oil embargo and has a total capacity of approximately 714 million barrels across four main facilities.
U.S. announced in March it would release 172 million barrels from the SPR by July as part of a coordinated release with the International Energy Agency. 6 billion loan to DTE Gas Company to modernize roughly 800 miles of distribution mains and service lines and rebuild a compressor station.
