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Get started at Vanta.com. It's Thursday, the 18th of June. Welcome to the PDB afternoon bulletin. I'm Mike Baker,

your eyes and ears on the world stage. All right. Let's get briefed. First up, the U.S. Iran Agreement, you remember that?

It's now officially signed, and the U.S. has released details of the text.

We'll break down what happens next, how markets are reacting, and why the toughest negotiations are ahead.

Later in the show, Hamas appears to have rejected the latest U.S.-backed proposal

to disarm and relinquish control of Gaza, throwing yet another obstacle in the path of a broader

peace plan. But first, today's afternoon spotlight. As we reported this morning, the U.S. and Iran

officially signed the agreement now that has supposedly

brought an end to the latest conflict between the two countries, at least for now.

The signing took place Wednesday at the Palace of Versailles in France, where Trump was attending the G7 summit.

Now, according to administration officials, Trump signed a hard copy

of the Memorandum of Understanding, after which the U.S. transmitted a photograph of the signed document

to Tehran. How sophisticated. Who knew we're still using fax machines? Okay, fair enough, they may

have sent it by email, or TikTok or Instagram, I really don't know.

Iranian President Masud Bhashekhim then signed the agreement on behalf of the Islamic Republic.

The move formally transitions both sides from military operations to a 60-day period of negotiations.

Now, the memorandum or agreement contains several provisions

...