US-Iran Interim Peace Deal: The US and Iran signed a 14-point memorandum of understanding to end nearly four months of conflict, reopen the Strait of Hormuz, launch a 60-day nuclear talks process, and ease sanctions, with both presidents signing electronically after Trump’s Versailles ceremony. Strait of Hormuz Shipping Rules: Iran says it will suspend Strait of Hormuz fees for 60 days and route transit requests through the Persian Gulf Strait Authority, while US officials say the naval blockade has been lifted enough for more than a dozen ships to pass and oil flows to rise. Reconstruction Fund Scrutiny: Trump rejected claims of a direct US $300 billion payment, while critics and lawmakers question who will fund the proposed reconstruction and economic development package and whether it amounts to a major concession. US Vice President vs Israel: JD Vance repeatedly rebuked Israeli cabinet officials for attacking the deal, warning Israel it needs to “wake up” and stressing US military support, as Netanyahu ruled out withdrawing from southern Lebanon. EU-Israel Diplomatic Fallout: Brussels and Jerusalem escalated after EU foreign policy chief Kaja Kallas faced demands for an apology over reported “apartheid” remarks, with the EU ambassador stressing it is not official EU policy. Regional Travel and Humanitarian Pressure: The UK relaxed travel warnings for Gulf states after the deal, while UN-linked reporting highlighted over 6 million Afghan returnees from Iran and Pakistan since late 2023, straining services. Domestic Government Response (Philippines): Senate President Sherwin Gatchalian urged the Philippines’ energy department to translate the Hormuz reopening into faster fuel-price relief and continued assistance for affected sectors.