President Trump joins world leaders at the G7 summit in France

Watch on YouTube ↗  |  June 16, 2026 at 14:33  |  3:24  |  CNBC
Speakers
Donald Trump — President of the United States

Summary

CNBC's Megan Casella reports from the G7 summit in France, where President Trump is meeting with Middle East leaders and Ukraine's Zelenskyy. The key topic is a memorandum of understanding regarding the Strait of Hormuz, with conflicting statements from Trump, VP Vance, and Iran about whether toll-free passage extends beyond 60 days. Trump also agreed to send the deal to Congress for review amid skepticism from some Republican allies.

  • President Trump holds bilateral meetings with Middle East leaders and Ukraine's Zelenskyy at the G7.
  • A memorandum of understanding on the Strait of Hormuz is discussed, with VP Vance saying the current text is only one page.
  • Trump asserts the Strait will be toll-free permanently; Iran says it has only agreed to 60 days.
  • Trump agrees to send the deal to Congress for review after criticism from Senator Lindsey Graham.
  • The expanded G7 family photo includes partner countries, with Trump standing next to French President Macron.
  • No direct market or investment implications are discussed by the speakers.
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