G7 main focus is the Iran war and ceasefire announced at the summit's dawn. Trump is trying to sell the deal as a breakthrough, but European leaders are skeptical about full Strait reopening by Friday. Europeans offered demining help but only after a clear peace agreement. Italy's Meloni won't be involved until there's a full agreement including Lebanon. Unlikely there will be a clear joint communique on Iran.
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Bloomberg 7.0
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Oliver Crook 4.0
6/16/2026 2:20:00 PM
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European skepticism about full Strait reopening by Friday and lack of clear joint communique creates uncertainty about the speed and completeness of oil supply restoration.

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