Key Headlines
1. Preliminary unofficial details of the U.S.-Iran memorandum of understanding framework revealed
2. Iranian media: Trump may unilaterally announce a deal with Iran
3. U.S. forces fully deployed and ready for a potential invasion of Cuba
4. Iran says it will not back down because of Trump’s remarks
5. The United States identifies new Iranian targets in preparation for possible renewed strikes
6. Cook: If inflation does not ease, the Fed should be prepared to raise rates
Details
Preliminary Unofficial Details of the U.S.-Iran Memorandum of Understanding Framework Revealed
According to a May 27 report by Mizan News Agency, which is affiliated with Iran’s judiciary, a “preliminary unofficial document” outlining the framework of a memorandum of understanding between Iran and the United States has been disclosed. The document addresses issues including the Strait of Hormuz, regional military deployments, and arrangements for a future agreement.
Under the document, the United States would lift its maritime blockade against Iran and withdraw part of its military forces deployed around the country. In return, Iran would gradually restore commercial shipping traffic through the Strait of Hormuz to pre-escalation levels within one month, excluding military vessels.
Management of shipping traffic and route coordination would be jointly handled by Iran and Oman. The document also indicates that if the two sides can reach a final agreement within 60 days, the arrangement could be formalized through a binding United Nations Security Council resolution.
According to the report, Iran emphasized that it would not take any concrete action until a practical and verifiable verification process has been completed.
Iranian Media: Trump May Unilaterally Announce a Deal With Iran
Iran’s Fars News Agency, citing informed sources, reported that Trump may unilaterally announce within the next few hours that the United States and Iran have reached a final agreement.
Fars described the move as an attempt by Washington to pressure the negotiations and shape public opinion before all remaining disputes are fully resolved.
A member of Iran’s negotiating team stated that several issues remain unresolved and that no agreement will be reached until all of Iran’s demands are satisfied. The source added that Tehran will officially announce the outcome of the negotiations only after all disputed issues are completely settled.
U.S. Forces Fully Deployed and Ready for a Potential Invasion of Cuba
The Pentagon has reportedly spent months deploying the forces necessary for a possible invasion of Cuba and is now only awaiting approval from President Trump.
After economic and diplomatic pressure failed to produce results, Trump reportedly proposed the idea of invading Cuba. The concentration of U.S. naval forces in the region — the largest outside the Middle East — now allows the U.S. military to act immediately.
On May 27, U.S. Secretary of State Marco Rubio stated during a Cabinet meeting that Cuba is “in a very difficult situation” and described the country, located just 90 miles from the United States, as a “failed state” threatening U.S. national security.
Iran Says It Will Not Back Down Because of Trump’s Remarks
In the early hours of May 28, the head of Iran’s parliamentary National Security Commission stated that Iran would not retreat because of remarks made by U.S. President Donald Trump.
He said Tehran would firmly defend its red lines in negotiations with Washington, including Iran’s uranium enrichment capability and stockpile of enriched uranium, control over the Strait of Hormuz, and the lifting of sanctions.
Earlier, Trump expressed dissatisfaction with the progress of U.S.-Iran negotiations during a Cabinet meeting. He also stated that he does not accept the new Strait of Hormuz management mechanism currently being discussed by Iran and Oman, is not considering easing sanctions on Iran for the time being, and rejects the idea of reaching an agreement first and discussing nuclear issues afterward.
The United States Identifies New Iranian Targets in Preparation for Possible Renewed Strikes
U.S. officials told the media on the 27th that the Pentagon has prepared a list of strike targets inside Iran in case President Trump decides to resume military operations against the country. However, sources noted that launching new strikes would be more difficult than previous operations.
According to NBC News, the Pentagon is considering naming the potential renewed military campaign “Sledgehammer.” Potential targets include nuclear facilities previously struck by U.S. airstrikes in June last year, including the Natanz and Isfahan nuclear sites.
The U.S. military could also target Iran’s strategic oil facilities on Kharg Island, as well as power plants, military command centers, and communication facilities.
NBC News previously cited U.S. intelligence assessments indicating that Iran still retains considerable combat capability. Its fighter jets and small naval vessels were not completely destroyed, while a significant number of missiles and launch systems survived by being buried or relocated.
In addition, several U.S. officials revealed that Iran has recently “partially resumed” defense industrial production. However, it remains unclear how much the United States knows about these facilities, as many of them are located in highly concealed areas.
Cook: If Inflation Does Not Ease, the Fed Should Be Prepared to Raise Rates
Federal Reserve Governor Lisa Cook said during an event at Stanford University on Wednesday local time that inflation is moving in the wrong direction and that interest rates may need to rise if the trend continues.
Although she currently favors keeping borrowing costs unchanged and expects price growth to cool again in the coming months, Cook said she believes the risks remain tilted toward higher inflation.
Therefore, if the expected disinflation process does not materialize in a timely manner, she said she would support raising interest rates.
Today’s Focus
16:30 (UTC+8) ECB Executive Board Member Cipollone Speaks
17:00 (UTC+8) Eurozone May Economic Sentiment Index
19:00 (UTC+8) Swiss National Bank Chairman Schlegel Speaks
19:30 (UTC+8) ECB Releases Minutes of the April Monetary Policy Meeting
20:30 (UTC+8) U.S. April PCE Price Index
20:30 (UTC+8) U.S. April Durable Goods Orders MoM
20:55 (UTC+8) New York Fed President Williams Speaks
22:00 (UTC+8) U.S. April New Home Sales (Annualized)
22:15 (UTC+8) St. Louis Fed President Musalem Speaks
23:30 (UTC+8) ECB Executive Board Member Schnabel Speaks