The U.S. and Iran inch closer to peace talks. What to know.

The U.S. and Iran are working on a memorandum of understanding to begin negotiations on ending the war. The Wall Street Journal’s Benoit Faucon breaks down the details. Victory Day, Russia’s celebration of the defeat of Nazi Germany, takes place on Saturday. Samya Kullab of the Associated Press joins to discuss why Russia is worried about how Ukraine might disrupt its most important secular holiday. Travel forecasts for 2026 indicated that demand would be high for air travel. The The Wall Street Journal’s Alison Sider explains how a jet-fuel crisis is now becoming a challenge for airlines. Plus, a federal judge released a purported suicide note from Jeffrey Epstein, Secretary of State Marco Rubio is visiting the Vatican, and how nostalgia is driving a millennial obsession with a lunchtime staple. Today’s episode was hosted by Cecilia Lei.