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Sign up for your $1 a month trial at Shopify.com slash setup. It's Monday, the afternoon bulletin.

I'm Mike Baker, your eyes and ears on the world stage.

All right, let's get briefed.

First up, ceasefire talks between the U.S. and Iran appear to have collapsed as Tehran rejects a proposal

that could have reopened the Strait of Hormuz.

Later in the show, the FBI sounds the alarm on a suspected China-linked cyber intrusion,

now being labeled a, quote, major incident with potential national

security implications.

But first, today's afternoon spotlight.

This morning, there were growing reports that a ceasefire between the U.S. and Iran could be taking

shape, but not so fast that effort appears to have collapsed.

According to multiple sources,

Pakistan has been acting as the primary intermediary, shuttling messages between Washington and

Tehran. Pakistan's army chief, field marshal Assim Munir, has reportedly been in contact with

Vice President J.D. Vance, special Envoy Steve Whitkoff, and Iranian Foreign Minister

Abbasarachi. The framework, which has been referred to as the Islamabad Accord, was described

as a two-phase proposal to halt the fighting. It would begin with an immediate ceasefire,

lasting roughly 45 days, followed by negotiations aimed at reaching a broader permanent agreement.

...