French President Emmanuel Macron has announced that the G7 summit in France will discuss the long-term reopening of the Strait of Hormuz as part of the US-Iran deal, set for signing later this week.
"The aim will be to see the consequences of this agreement, support for Lebanon, the lasting reopening of Hormuz and of course the concluding of an accord on nuclear and ballistic activities in Iran," Macron said in a video message posted on Instagram Monday.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.