As the Iran deal nears finalization, President Trump is shifting focus to the Ukraine-Russia war, urging a "deal" to end the conflict. Meanwhile, oil prices dropped significantly on optimism over Iran sanctions relief, and US stock markets saw mixed performance with the Dow hitting a record high while tech stocks pulled back.
US President Trump plans to refocus on ending the Russia-Ukraine conflict post-Middle East crisis. EU officials are reportedly unsettled, fearing being sidelined by direct US-Moscow negotiations. Talks stalled in March, with key disagreements over Donbass.
US Vice President JD Vance stated that agreements to resolve the conflict between the US and Iran will encompass Israel, Lebanon, and Persian Gulf countries, describing it as a "true regional peace deal." The deal is expected to be signed in Geneva on June 19, with Pakistan acting as an intermediary.
US Vice President JD Vance stated that critics of the US-Iran deal support an "endless conflict" until "every Iranian is dead." He argued they lack alternatives to the deal and criticized proposals to drop bombs without clear goals or American interests. The US Senate recently rejected a resolution to cease military actions against Iran.
China held a forum in Berlin to promote imports from the EU, aiming to ease trade tensions and address its growing trade surplus. The event, attended by officials and executives, sought to showcase China's market potential amid rising regulatory hurdles and geopolitical shifts in Europe.
Slovak PM Fico criticizes EU's focus on Ukraine, urging attention to EU competitiveness and energy prices. NATO commander warns of new threats from long-range missiles and drones, while Russia's Patrushev alleges Western pre-emptive strike scenarios and mine-planting in European ports.
Pope Leo lauded the interim US-Iran agreement to end regional conflict, expressing hope for a permanent resolution. The deal involves Iran forgoing nuclear weapons for oil sales and aims to reopen the Strait of Hormuz.
US Congresswoman Anna Paulina Luna stated that the United States is waiting for Ukrainian President Vladimir Zelensky to agree to a settlement of the conflict in Ukraine and end the war. She commented on a meeting Zelensky had with G7 leaders.
US intelligence agencies believe Iran has gained the ability to block the Strait of Hormuz at will, a move that could grant it significant leverage over the global economy. This assessment follows Iran's demonstrated capability during a recent conflict, with sources suggesting it can repeat such actions.
US President Donald Trump invoked the Defence Production Act to boost weapons stockpiles, amid concerns over strains from the Iran war and other conflicts. A related MOU aims to end the 109-day war impacting the Strait of Hormuz, energy prices, and inflation. China also expressed readiness to coordinate with Pakistan for peace and a ceasefire.
President Trump invoked the Defence Production Act to address "systemic constraints in the munitions industrial base," aiming to bolster depleted US weapons stockpiles strained by conflicts like the 15-week Iran war. Defence Secretary Pete Hegseth is tasked with creating voluntary agreements to improve capacity, despite his previous assertions that concerns over munitions are overstated.
US President Donald Trump invoked the Defence Production Act to bolster weapons stockpiles, amid concerns over strains from the war in Iran and other conflicts. A related MOU aims to end a 109-day war impacting the Strait of Hormuz and energy prices.
Iran's top diplomat stated a peace deal with the US requires Israel's withdrawal from Lebanon. Concerns grow that Israel may undermine diplomatic efforts, with Donald Trump criticizing Israeli actions in Beirut as "vicious" and "irresponsible." A Hezbollah official confirmed Iran's commitment to demanding Israeli troop withdrawal.
Vietnam's PM heads to Russia for a summit, while reports detail a US-Iran deal, drone attacks in Russia, and ongoing conflict in Ukraine. Developments include potential shifts in the Strait of Hormuz passage, discussions on nuclear weapons, and Turkey's mediation efforts.
Oil prices hit a three-month low as the US reportedly allows Iran to sell crude immediately under a conflict resolution deal. Brent futures fell below $80, WTI down 5.9%. Details emerge at the G7 summit in France, though conflicting accounts of the deal persist.
Turkey offers mediation for Ukraine, while tensions rise around the Strait of Hormuz with potential US-Iran deals. Reports detail military actions in Ukraine, drone attacks, and international diplomatic exchanges involving leaders like Trump, Putin, Lukashenko, and Macron.
US President Donald Trump met with Ukrainian leader Volodymyr Zelensky at the G7 summit in France, urging Russia to "make a deal" to end the conflict. Zelensky participated in working sessions focused on "Building peace in Ukraine" and discussed increased air defence supplies. G7 leaders reportedly agreed to support Ukraine and increase pressure on Russia through sanctions.
Despite a US deal with Iran, ship traffic in the Strait of Hormuz remains low, with hundreds of vessels waiting. Experts cite security concerns, the threat of sea mines, and potential tolls or fees as major obstacles to reopening the critical waterway.
President Trump stated he will read the text of a purported deal with Iran to journalists "in a couple of days" at a "formal setting," amid conflicting accounts from US and Iranian officials regarding its contents. Republicans on Capitol Hill expressed skepticism.
The European Parliament approved cutting import duties on US industrial goods, fulfilling a trade deal and averting new tariffs threatened by Donald Trump. The EU aims to meet a July 4 deadline.
Turkish Foreign Minister Hakan Fidan stated that US President Donald Trump demonstrated readiness to resolve the conflict with Iran, disregarding Israeli objections. Iran reacted positively, leading to an agreement. Fidan expressed hope for swift technical negotiations and lasting regional peace.
President Trump deferred questions about his Iran deal, promising to read it word-for-word at a future press conference. Discrepancies exist between US and Iranian accounts of the deal's terms, including asset release and troop presence.
Pakistan's government has proposed an 18% increase in defense spending to 3 trillion rupees ($10.8 billion), citing regional "uncertainty" and evolving military technologies. The budget hike comes amid ongoing tensions with India over Kashmir and conflict with Afghanistan, while the nation also navigates IMF program conditions.
Paramount refused to air a 30-second ad from the Freedom of the Press Foundation during a UFC broadcast, citing a "conflict of interest." The ad criticized Paramount's leadership, its merger with Warner Bros Discovery, and its perceived appeasement of Donald Trump, linking it to censorship concerns.
