G7 Summit Opens After U.S.-Iran War Deal Announcement
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- G7 leaders gather at Evian-les-Bains, France (June 15-17) days after the U.S. and Iran announced a preliminary deal to end their war, with Iran, Ukraine, critical-mineral supply chains, and global economic imbalances on the table.
- Trump said the Strait of Hormuz — a key oil and gas shipping route Iran has "effectively shut down for months" — would reopen Friday, and ordered an end to the U.S. blockade of Iranian ports.
- Iran's Supreme National Security Council declared war and military operations on all fronts, including Lebanon, would end permanently starting Monday night; a memorandum of understanding is scheduled to be signed in Switzerland on Friday (June 19).
- Iran's Deputy Foreign Minister Kazem Gharibabadi said a broader agreement — including sanctions relief for Tehran — would be negotiated during a 60-day ceasefire, with Iran's nuclear program addressed in later talks; the UAE, Qatar, and Egypt are attending the G7 as affected parties and mediators.
- Trump is set to meet West Asian leaders and hold a working session with Ukrainian President Zelenskiy on Tuesday, as Russian advances have slowed and Kyiv seeks more military funding — though the source flags that greater U.S. support may be "elusive" while Trump prioritizes closing the Iran file.
- Macron is using France's G7 presidency to push action on global macroeconomic imbalances, framing it as a shared problem in which China overproduces, the U.S. overconsumes, and Europe underinvests; Brazil, India, Kenya, and South Korea have been invited, and Macron has urged China to boost domestic consumption.
Why it matters: Macron is using his final G7 to reframe trade imbalances as a shared China-overproduces / U.S.-overconsumes problem, with U.S. buy-in still uncertain as Washington takes the G7 chair next. For Zelenskiy, the Tuesday session comes as Russian gains slow — but the source itself flags that greater U.S. military support may be 'elusive' while Trump prioritizes closing the Iran file.
