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.