Iran deal – The IAEA has reached a tentative deal with Iran to allow the U.N. nuclear agency to restart a long-stalled probe into suspicions that Tehran has secretly worked on developing nuclear arms. The news comes just a day before Iran and six world powers meet in Baghdad as Iran tries to roll back the severe sanctions orchestrated by the international community over the past year. (via the AP)

From across the web – The hedge fund algorithm arms race (Reuters); InsideMuammar Gaddafi’s secret surveillance network (Wired); Egypt’s national soccer team is coached by … an American? (ESPN); Reflections from four political sex-scandals (Politico); Study: The level of discourse in Congress has dropped tosophomore in high school level (LA Times); Masters of attack ads (NYT).

Best PolicyMic stories – Art HK: Is Hong Kong Becoming the World's Next Cultural Capital? (Ashley Lee) – Though it’s only five years old, Hong Kong art fair ART HK has become an important venue for the Asian contemporary art market. Does the fair bolster HK's credentials as Asia's cultural capital?

Who Killed the English Language? You Did! (Tony Azzi) – Tweets and status updates are ruining the English language. JK LOL ... no, but seriously.

How Mark Zuckerberg's Success Influenced a Generation of Entrepreneurs (Laura Temel) – The story of Facebook has both captured the essence of our generation and inspired millennials to try their luck at their own passion project or entrepreneurial idea.

Cory Booker Rightly Bashes Obama Campaign Strategy; Liberals Overreact (Andrew Hanson) – Cory Booker rightly criticized the Obama campaign strategy to vilify private equity and got some heat from liberal circles. Progressives should embrace Booker as a Democratic leader.

Stat of the day – The Obama campaign has spent only 1/9th the amount on attack ads that George W. Bush spent against Kerry at this point in the race in 2004. Obama spent $4.5 million for March – May compared to Bush’s $40 million. (via Bloomberg)

Fire up the BBQ – Today, JP Morgan will face its first congressional grilling over its huge trading losses. Jamie Dimon will not testify. PolicyMic will cover the hearing live.

Map of the day – Google’s latest U.S. Congressional District Map reflects all of redistricting, except for Kansas.

Dessert – Anchorman II trailer released.