“During a state television broadcast on Wednesday, Iranian Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf declared that Iran emerged triumphant in its recent armed conflict against the United States and Israel,” Israel National News reports.

Playbook: “Are we sure that signing a peace treaty in Versailles — the literal home of terrible peace treaties — was a good idea?”

Los Angeles Times: “Rubio, who also serves as the president’s national security advisor, has remained effectively mum since news of a preliminary peace deal was announced by the administration on Sunday.”

“His absence has drawn notice across foreign policy circles — not only because Rubio has served as chief architect of the administration’s global strategy thus far, but also because he has become one of the president’s most effective communicators, both at home and abroad.”

“President Donald Trump formally agreed an interim peace deal with Iran, shifting focus to the planned reopening of the Strait of Hormuz and a complex 60-day negotiating period over Tehran’s nuclear program,” Bloomberg reports.

Politico: “Heading into the gathering, expectations were modest, as Trump officials and G7 allies hoped to avoid any major blow-ups over the dicey issues that have threatened international relationships in recent months — from Russia’s war in Ukraine to the conflict in Iran. The leaders sought to demonstrate that the world’s leading economies could still work together, while keeping Trump in the country until the very end.”

“That they did — an achievement far from guaranteed for the leaders of the world’s seven largest economies and democracies, convening at a lakeside resort in France during a moment of acute global uncertainty. And in the Trump era, it’s another example of how success often means avoiding the worst-case scenario rather than sweeping breakthroughs or concrete policy directives.”

“An initial agreement by the United States and Iran to halt their war grants Iran major economic benefits while delaying, for now, the thorniest areas of disagreement between the two countries and the toughest concessions Iran would have to eventually make on its nuclear program,” the New York Times reports.

“The agreement lifts the U.S.-imposed naval blockade of Iranian ports and, most crucially, grants Iran waivers to begin exporting its oil even before the negotiation of a final agreement on its nuclear program. That will give Iran a critical economic lifeline. In recent years, its economy has been in a tailspin, with a collapsing currency and sky-high inflation.”

Wall Street Journal: “The U.S.-Iran peace agreement includes a huge boost to Tehran’s oil industry, potentially restoring the regime’s economic lifeblood while generating more than $60 billion a year of revenue.”

“Defense Secretary Pete Hegseth ratcheted up pressure on European NATO allies, warning that the U.S. will review its military presence on the continent and would cut its payments to the alliance’s operating budget if Europeans didn’t meet their commitment to boost military spending,” the Wall Street Journal reports.

Bloomberg: “Explaining his decision to agree to an interim peace deal, Trump repeated his insistence that the country would never get a nuclear weapon. Yet he went on to suggest that Iran should have the right to enrich uranium, be allowed to develop ballistic missiles and get access to billions of dollars in frozen funds.”

“Those three things have been at the center of the debate around how to approach Iran for years, dating to the 2015 agreement that the US, under President Barack Obama, and other great powers signed with Iran to limit its nuclear program.”

“Not only that: Trump had repeatedly cited those issues as reasons why Obama and past presidents had failed so badly in containing the threat posed by the regime in Tehran.”