G7 Leaders Endorse Provisional US-Iran Peace Agreement

Leaders at the G7 summit have backed a tentative deal between the United States and Iran, aimed at resolving their conflict, reopening the Strait of Hormuz, and extending a ceasefire. This agreement, expected to be formally signed soon, has already led to a decrease in global oil prices due to optimism about increased supply. However, concerns persist regarding specific terms, particularly Israel's withdrawal from Lebanon and Iran's nuclear program, with warnings of potential renewed military action if obligations are not met.