US-Iran Reach Tentative Peace Deal & The Knicks Are NBA Champs

**SPEAKER_1** (0:01)
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**Neal Freyman** (0:32)
Good Morning Brew Daily show. I'm Neal Freyman.

**Toby Howell** (0:35)
And I'm Toby Howell.

**Neal Freyman** (0:35)
Today, UFC enters the mainstream with a cage match at the White House.

**Toby Howell** (0:39)
Then, it wasn't a dream. The New York Knicks really won an NBA championship. It's Monday, June 15th. Let's ride.

**Neal Freyman** (0:56)
So far, the World Cup has given us amazing scenes of cross-cultural exchange, whether it's Scotland's Tartan Army taking over Boston with 6:30 a.m. bagpipes, or South Korea fans doing tequila shots with their new Mexican friends in Guadalajara. But nothing baffles the American mind quite like Japan supporters who've become known for leaving their section spotless after games. Yesterday, Japan fans brought their own plastic trash bags to the stadium in Dallas, and were seen on video cleaning up their litter following a thrilling 2-2 draw with the Netherlands. The coach of the 2022 Japan team told the Athletic, This was just a normal thing to do. When you leave a place, you have to leave it cleaner than it was before.

**Toby Howell** (1:33)
Japanese fans are undoubtedly the stars of the World Cup so far. Did you see this one fan encountering free chips and salsa for the first time? He wrote a post that's been viewed on X more than 16 million times. He says, My friend warned me, don't fill up on the chips, dude. Too late.
I had accepted three baskets. Honor demanded each one be finished. By the time my actual food arrived, I was a ruined man. I was not hungry. I had been defeated by a courtesy. Just incredible stuff. Of course, Japan played in Dallas too, which means lots of interviews with Japanese fans fresh off of eating Texas barbecue. They're beaming as they recount tales of eating steak, of eating Terry Blacks, of eating burgers. So just everything that the World Cup should be is embodied by this sort of cross-cultural pollination. It also helps that Japan's team is awesome too. We'll be rooting for them going forward.
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**Neal Freyman** (2:38)
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**Toby Howell** (2:46)
So it'll do the parts of my job I'm best at and let me delegate the rest, just like consultants in the quarter zip said?

**Neal Freyman** (2:52)
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The war in Iran appears to be winding down. Yesterday, the United States and Iran announced they agreed to a framework peace deal that extends their ceasefire for 60 days and sets up further negotiations around Iran's nuclear program. In a social media post, Trump said the Strait of Hormuz would open up again on Friday when a formal signing will take place. The waterway has been closed for over 100 days, trapping one-fifth of the world's oil and natural gas from reaching markets and sending energy prices soaring. Trump declared, Ships of the world start your engines, let the oil flow. In exchange for the reopening of Hormuz, Iran expects the US to unfreeze billions of dollars in cash it has abroad and ease punishing financial sanctions. Toby, economies all over the world are breathing a sigh of relief.

**Toby Howell** (3:41)
Even if the ships do start their engines, though, it's not like the oil will flow. It's not as simple as flipping a switch. There is a huge logistical backlog and checklist that needs to happen before ships can move normally again. Remember, some of these ships have been sitting for so long, they need maintenance. They have accumulated so many barnacles on the hold that it's not easy for them to even navigate the strait properly anymore. And these shipping companies are not ready to declare victory by any stretch. They need to know if insurers will come back to providing coverage for them because they're still very nervous that this is a tenuous, you know, ceasefire because they've been burned before. And then the also the issue is there are 600 ships now milling about in the Persian Gulf right now. The Strait of Hormuz is not big. It is a strait at its widest point. It's only 24 miles wide. Shipping lanes themselves are just two miles wide in each direction. So there is a big traffic jam waiting to happen once the blockade does officially lift. If all hundreds of ships try to go through at the same time, it's just going to be a nightmare. So yes, there is lots of optimism now because this is probably the closest we've come to the war finally winding down. But in reality, if you want to put your pessimism hat on, you got to figure out the logistics to get all these ships through this massive choke point.