US-Iran deal isn’t all good for Tehran, Colombians head to polls for presidential runoff, EU takes a page out of the US’s tariff book (opens in new tab)

The interim agreement to end the war, signed by both sides on Wednesday, appears to tilt toward Iran: it lifts the US naval blockade of Iranian ports, grants sanction waivers for Iranian oil products – meaning Tehran no longer has to sell oil at a discount – and gives the Islamic Republic access to frozen funds, worth some $24 billion. While the memorandum includes the opening of the Strait of Hormuz, it leaves the door open for Iran to impose duties on ships passing through the crucial water...