Trump Heads to Group of 7 as Allies Rethink Their Relationship With U.S.

President Trump has long been at odds with European leaders over trade, Ukraine and NATO, but he has lashed out in recent weeks over their refusal to support the U.S. war with Iran.

By Zolan Kanno-Youngs and Erica L. Green

Macron’s G7 Legacy Hangs on Fickle AI Funding and Data Centers - Bloomberg.com

Macron’s G7 Legacy Hangs on Fickle AI Funding and Data Centers  Bloomberg.com

US, Iran agree ceasefire deal as Trump heads to G7 summit

The US-Iran war will be top of mind at the annual meeting of wealthy nations

Iran war: The price of Trump's blindness

The US president will have a hard time presenting the framework deal with Tehran as a success if its main result is limited to the reopening of the Strait of Hormuz. He could likely have avoided what now looks like a fiasco had he listened to his G7 allies, whom he is meeting with in Evian on Monday. The same can be said for Ukraine.

Macron frames Évian G7 agenda in hope Trump will stay for whole summit

US president left last meeting early, but world leaders aim to end Ukraine war and push for resolution in Gaza and Iran Emmanuel Macron, the host of the G7 summit in Évian-les-Bains, has framed an agenda to make it as palatable as possible to his guest of honour, but the French president has no idea if Donald Trump, a haphazard summit attender, will last the full three days – or disrupt the proceedings every hour he stays. The US president quit the last G7 summit in Kananaskis, Canada, early ...

By Patrick Wintour in Évian les-Bains

Trump says deal has been reached to end the war with Iran

On social media, President Trump says a deal between Washington and Tehran to end the war "is now complete." He says the deal will be signed Friday.

By Carrie Kahn

Trump says ships ‘starting to move’ through Strait of Hormuz

Claim comes as Iranian official floats tolls for strait a day after US-Iran announce initial deal to be signed Friday.

President Trump announces Iran peace agreement and more top headlines

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Strait of Hormuz traffic to return to normal as soon as August, Kalshi traders speculate

Odds that the Strait of Hormuz traffic will return to normal before August surpassed 50%, following U.S. President Donald Trump's announcement.

Global stocks soar and oil prices drop as U.S., Iran reach tentative deal to end war

Oil prices fell more than $4 US a barrel on news of a deal to end the fighting, as world markets responded positively to the developments. Wall Street futures also pointed up before the opening bell.

Strait of Hormuz reopening won't end shipping risks

A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But naval mines, high insurance costs and geopolitical risks mean disruption could persist for months.

Trump threatens 100% tariff on French wines over digital tax on tech firms

US President Donald Trump threatened to slap a 100 per cent tariff on French wine and champagne unless Paris removes a digital services tax on tech firms, the New York Post reported on Monday. France imposed in 2019 a three per cent levy on the revenues earned by technology firms – including American giants such as Facebook, Amazon, Apple and Google parent Alphabet – within the country’s borders. French President Emmanuel Macron is due to host Trump on Monday before the G7 summit gets underwa...

By Agence France-Presse

G7 summit: 'Pressure will be on leaders to show support for Ukraine'

As G7 leaders meet in France this week, Iran and the peace deal signed with the US is likely to be in the spotlight. But with Volodymyr Zelensky in attendance, Ukraine is also set to be a major point of discussion, with leaders expected to show their support for the country in the wake of recent Russian attacks. France 24's Philip Turle has the latest.

By FRANCE24

Trump hit with a reality check over claim peace deal with Iran is ‘now complete’

The president’s peace deal has been critiqued as lacking in substance and not being as complete as he has claimed

By Sophie Clark

We Already Knew Trump’s Tax Cuts Hurt Social Security. But Now There’s Even Worse News

'Scrap the tech tax or lose your wine market': Trump's 100% tariff warning to France Prez Macron

Donald Trump has threatened France with a 100% tariff on wine and champagne unless it scraps its 3% digital tax on US tech giants like Apple, Amazon and Alphabet. Speaking to the New York Post ahead of the G7 summit in Évian, Trump said he had "no choice." Macron refused to back down, calling tariffs between G7 nations counterproductive. The US is the biggest buyer of French wine, making the threat a serious economic blow.

By TOI TECH DESK

Macron's 'Dhurandhar' style welcome video for PM Modi's France visit

The latest post is not the first time Macron has turned to Indian popular culture in his social media outreach.

Former consul to LA warns about Trump's growing relationship with Qatar as US, Iran reach deal

"The situation in Washington right now is a very serious problem; the question is how it will be translated into action," said Yaki Dayan, the former Israeli consul in Los Angeles.

Combing Strait Of Hormuz For Mines May Take Weeks, Delaying Shipping Traffic

It is unclear how many mines Iran may have laid in the strait, which handled 20 per cent of the world's daily supply of oil and liquefied natural gas before the war.

France's Macron warns Iran against imposing Hormuz tolls

French President Emmanuel Macron on Monday warned Iran against imposing tolls on shipping through the Strait of Hormuz, saying "everything" should be done so fees are not charged for passage through the key bottleneck.

By RFI

G7 leaders meet in France with Trump tariff threat looming

The leaders of the Group of Seven wealthy nations are due to arrive at a French lakeside resort on Monday amid unease among allies over President Donald Trump’s tariff threats and questions about the U.S. commitment to the global order. Discussing the next steps on Iran after the U.S. and Tehran said they had reached […]

Rural Cork town’s appreciation of the joy of fine French wine is being transformed by Guy

By Sheila Fitzgerald

[Gianluca Benigno] The chair who can't cut

On June 16 and 17, Kevin Warsh will lead his first meeting as Chairman of the Federal Reserve. President Trump finally has the central banker he spent the better part of a year pursuing, confirmed in May by the narrowest Senate vote any Fed chair has ever received, 54 to 45. And the first thing the new chair will almost certainly do is disappoint the man who appointed him. He will not cut interest rates. That is not defiance. It is what the data now require. When Trump chose Warsh in January, th

By The Korea Herald

Macron’s G7 legacy hangs on fickle AI funding and data centers

The French president is positioning France as Europe's AI powerhouse by leveraging on the nation's abundant supply of nuclear energy for data centers.

France hosts G7 dominated by Trump, Iran

Wine vs. Tech: Trump demands end to France's digital tax or face 100% wine tariffs

US and Iran announce interim peace deal

“Ships of the World, start your engines,”Trump said on social media

By Peter Weber, The Week US

Iran, US agree to halt war and reopen Hormuz, sending oil prices tumbling

The deal is the biggest breakthrough in ending a conflict that killed thousands and roiled energy markets

By Reuters

Trump Threatens 100% Tariff On French Wines Over Digital Services Tax

Trump Threatens 100% Tariff On French Wines Over Digital Services Tax Update (0810ET): France's President Emmanuel Macron said Monday he wanted to have a "respectful but firm discussion" with Trump. "We will have a respectful but firm discussion," Macron told TF1 as he prepared to host Trump and other leaders at a G7 summit. "Tariffs don't do anyone any good, especially tariffs between G7 countries," Macron said. As Tom Ozimek reported earlier via The Epoch Times, U.S. Presid...

By Tyler Durden

Iran War: Iran and US Announce Signing of Memorandum of Understanding for Friday, Amid Doubts About Status of Terms, Israel Sabotage; Iran Claims Blockade and Hostilities on All Front to End Monday Night

Today's Iran war news: For a change, both Iran and Trump say a "deal" really will be signed. But will that come to pass?

By Yves Smith

Macron warns Iran against imposing Hormuz tolls

French President Emmanuel Macron warns Iran against imposing tolls on shipping through the Strait of Hormuz, emphasizing the need to defend international l Read More: https://punchng.com/macron-warns-iran-against-imposing-hormuz-tolls/

By Punch Newspapers

Oil plunges to $80 per barrel, stocks jump on US-Iran peace deal

Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets. The post Oil plunges to $80 per barrel, stocks jump on US-Iran peace deal appeared first on Vanguard News.

By Ayobami