US, Europe Disagree on How Easy It Is to Reopen Hormuz

Summary

European allies express skepticism that the Strait of Hormuz will fully reopen by Friday despite US President Trump's optimism. A relief rally followed initial signs of an Iran deal, but hard questions remain on sanctions relief, Iranian incentives, and future leverage. The G7 summit also focuses on re-engaging the US on Ukraine, with President Trump signaling a shift in attention now that Iran tensions may ease.

• G7 leaders met in Evian with an initial relief rally after an Iran arrangement.
• President Trump claims the Strait of Hormuz will reopen by Friday; European diplomats doubt the timeline.
• Questions remain about the structure of financial incentives, sanctions relief, and future leverage on Iran.
• Iran says Hormuz toll-free passage lasts only 60 days, raising longer-term concerns.
• Italy's PM says European demining efforts require a full end to the war, including Lebanon.
• President Zelenskyy arrives at G7 to re-engage the US on Ukraine.
• Trump signals he will refocus on Ukraine now that Iran tensions may be easing.