Reports of a near-finalized US-Iran peace deal look premature, and Israel's new bombing campaign in Lebanon is making things worse for everyone wanting the war to end.

• Axios reported a 60-day US-Iran agreement to extend the ceasefire and start nuclear talks, but Trump has not approved it and Iran says the deal is not done.
• The deal would reopen the Strait of Hormuz and commit Iran to no nuclear weapons, with its enriched uranium to be disposed of later.
• Gulf states are being pressured to put up $300 billion to rebuild Iran after the war Israel pushed the US into, and Arab officials are pushing back.
• Israel just hit Beirut and 135 targets in Lebanon, killing civilians including a mother and two children, which the New York Times says is threatening the peace talks.
• Netanyahu also said Israel now controls 60% of Gaza and aims for more, a fact cable news is ignoring.

Outlook: Peace stays out of reach as long as Israel keeps widening the war in Lebanon and Trump waits on Netanyahu before signing off.