Israel and Hezbollah agreed a new ceasefire in Lebanon on June 19 after the deadliest clashes since the US-Iran war wound down earlier this month.
Browsing: Iran deal
With the Iran nuclear deal heading to a Geneva signing on June 19, President Trump has pivoted back to trade battles, threatening tariffs on French wine at the G7 and signalling broader import duties on pharmaceuticals and semiconductors.
The G7 summit in Evian-les-Bains concluded on Tuesday with statements on Ukraine aid, the upcoming Iran nuclear deal, and a joint plan to reduce Western reliance on Chinese rare earth processing.
Energy experts say it could take months for oil supply through the Strait of Hormuz to normalise even after the US-Iran deal reopens the waterway to shipping.
Brent crude fell nearly 5% to $83 a barrel Monday as the US-Iran peace deal and the formal reopening of the Strait of Hormuz eased months of supply fears.