Overview
- Hours after the United States and Iran announced a preliminary agreement on Sunday, G7 leaders convened in Évian-les-Bains for a three-day summit to seek details and measure the pact’s regional effects.
- A memorandum of understanding is scheduled to be signed in Switzerland on Friday, followed by a 60-day technical period that will determine whether the ceasefire leads to a lasting reopening of the Strait of Hormuz.
- Host France has pushed a broader economic-security agenda that includes tackling global macroeconomic imbalances, diversifying critical mineral supply chains away from China, and mapping AI-related cyber risks.
- President Donald Trump’s presence and bilateral meetings with Macron, Volodymyr Zelenskyy and Middle Eastern leaders are shaping summit dynamics and exposing transatlantic strains over Ukraine, Russia and the Iran deal.
- Large security operations and protests in nearby Geneva have produced clashes and arrests, and leaders plan sector-by-sector statements instead of a single joint communique to avoid highlighting divisions.