Morning Headlines

President Trump and VP Vance virtually signed an agreement with Iran to immediately halt all military operations, lift the US naval blockade, and reopen the Strait of Hormuz, with 60 days of nuclear negotiations to follow. The deal, brokered with Pakistan as mediator, ends a nearly four-month conflict that killed thousands and severed a chokepoint carrying roughly 20% of the world's traded oil.

World leaders gathered today in Évian-les-Bains for the 52nd G7 Summit, with French President Macron calling the US-Iran pact 'a very important step for peace' even as Trump faces sharp criticism from European allies who were not consulted before the US went to war with Iran. Ukraine's future and trade remain on the agenda for the three-day summit.

Brent crude dropped nearly 5% on the Iran ceasefire news, slipping below $100 a barrel for the first time in months, while equities and bonds surged worldwide. Analysts caution that the IEA estimates over 14 million barrels per day of supply remain shut in, and that global trade flows through Hormuz will take months to normalize even after mine-clearance is complete.

An Oslo court convicted Marius Borg Høiby, 29 — the son of Crown Princess Mette-Marit and stepson of heir-to-the-throne Crown Prince Haakon — on two counts of rape and 32 additional offences including repeated domestic abuse, sending shockwaves through the Norwegian monarchy. Høiby's lawyers said he will appeal the rape and domestic-abuse convictions.

Day six of the 2026 FIFA World Cup produced some of the tournament's biggest upsets, with Saudi Arabia holding Uruguay and Cape Verde drawing against Spain — results that scramble early group-stage standings and signal the tournament's increasingly competitive field. The World Cup is being jointly hosted by the United States, Canada, and Mexico.