This NPR News Now episode covers the public release of U.S.-Iran ceasefire terms, which aim to stabilize oil markets and address Iran's nuclear program. Federal Reserve Chairman Kevin Warsh discusses holding interest rates steady amid inflation concerns, while stocks react globally to the geopolitical news. The broadcast also reports on an Oklahoma pastor suspending his congressional campaign after inappropriate texts surfaced, Tropical Storm Arthur weakening into a low-pressure system, and a Canadian police officer charged with online threats against President Trump.