FRANKFURT, Germany (AP) – The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy. But even as the price of oil dropped Monday, many questions remained about when and how it would start flowing again through the world’s most vital artery for energy shipments.
World leaders are gathering in a French spa town Monday for a summit of the Group of Seven club of powerful democracies with a new impetus following President Donald Trump ‘s announcement of an agreement that he says will bring an end to the U.S. war against Iran.
EVIAN-LES-BAINS, France (AP) – Leaders at the Group of Seven summit of major industrialized nations face a packed agenda on their first full day Tuesday, including challenging discussions on ending Russia’s war in Ukraine and addressing the Middle East crisis. Ukrainian President Volodymyr Zelenskyy will be in attendance at the invitation of host France.
WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.
TOKYO (AP) – Japan recorded a trade deficit in May, the first in four months, as imports of electrical machinery surged, helping to offset a jump in exports, the Finance Ministry reported Wednesday.
SHERMAN, Texas (AP) – Nvidia CEO Jensen Huang – whose work helped propel artificial intelligence – stressed in an Associated Press interview Tuesday that society needs to change with the advent of AI, arguing that a fuller embrace of the technology would improve people’s lives.
EVIAN-LES-BAINS, France (AP) – Leaders at the Group of Seven summit on Wednesday threw their support behind U.S. President Donald Trump’s tentative agreement with Iran to open the Strait of Hormuz and extend a shaky ceasefire.
Senior U.S. officials on Wednesday read the memorandum of understanding with Iran to journalists after days of secrecy over what is in the document. The officials spoke on condition of anonymity to read the draft, which Iran has not released, ahead of a formal signing ceremony set for Friday.
The Group of Seven wrapped up three days of talks in the French Alps on Wednesday with discussions on the contentious future of artificial intelligence. Executives of leading AI companies, including OpenAI CEO Sam Altman, Google DeepMind CEO Demis Hassabis and Anthropic CEO Dario Amodei, attended discussions with U.S. President Donald Trump and other leaders.
NEW YORK (AP) – High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday.





















































































































































