Morning Headlines

Leaders of the Group of Seven wrapped their Évian summit with joint declarations backing tougher Russia sanctions and new arms for Ukraine, while AI executives from OpenAI and Anthropic joined dedicated governance sessions. The summit also produced a coordinated health-security response to the Bundibugyo Ebola outbreak spreading across the DRC-Uganda border.

Washington and Tehran reached an initial deal to extend their ceasefire for 60 days and reopen the Strait of Hormuz to commercial shipping, with a formal signing ceremony set for Friday in Switzerland. If it holds, the agreement would end more than three months of hostilities and unlock one of the world's most critical oil shipping lanes.

An outbreak of the Bundibugyo Ebola species — for which no approved vaccine or treatment exists — has been confirmed in conflict-affected eastern DRC and Uganda, prompting an emergency G7 statement. The US pledged an additional $500 million for containment while the EU committed €493 million in emergency aid and health-security support.

The Federal Reserve held its target rate at 3.50–3.75%, a decision markets had priced at 97% certainty, but all eyes are on new Fed Chair Kevin Warsh's first post-meeting press conference for early signals on forward guidance. Warsh's tone matters especially now: core inflation has eased to 2.2% while Bank of America's market-top warning checklist has hit 70%.

Lionel Messi netted three goals in Argentina's 3-0 opening win over Algeria at the 2026 World Cup, becoming the oldest player to score a World Cup hat trick and equaling Miroslav Klose's record of 16 all-time World Cup goals. With Argentina guaranteed at least two more group matches, Messi has a clear path to becoming the tournament's outright all-time top scorer.