EVIAN-LES-BAINS: Allies from the <a href="https://pakistantv.com/article/midadle-east-live-june-15-2026-1#" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">G7 group</a> of leading powers will on Monday seek common ground with President Donald Trump at a summit in France, which gets underway hours after the US and Iran agreed a deal to end the Middle East war. With Trump arriving in the Lake Geneva resort of Evian-les-Bains flush from celebrating his 80th birthday the day earlier, allies will want details on the deal and the planned reopening of the Strait of Hormuz to shipping. But Iran will be far from the only explosive issue at the three-day meeting, with Ukrainian President Volodymyr Zelensky due to attend from Tuesday. Host President Emmanuel Macron wants to advance a packed agenda of sensitive topics ranging from limiting global economic imbalances to increasing control in the digital sphere, notably <a href="https://pakistantv.com/article/anthropic-cuts-access-to-powerful-ai-models-over-government-national-security-order" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">AI</a>. Macron said in a post on Instagram overnight that the summit will examine the &quot;consequences&quot; of the accord with Iran &ndash; which is due to be signed in Switzerland on Friday &ndash; in terms of the&nbsp;&nbsp;implications for Lebanon, the lasting reopening of Hormuz and Iran&#39;s ballistic activities. He later added in a post on X that a UK-France mission to aid the reopening of the Strait of Hormuz had its assets &quot;in place&quot; and was &quot;ready to be deployed.&quot; European leaders are impatient to see the Strait reopened after the limiting of shipping traffic during the war caused a spike in global energy prices. Parade of guests A parade of world leaders will take place over the next three days. France is keen to expand the reach of the G7 beyond its membership of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Arab leaders including Egypt&#39;s President Abdel Fattah al-Sisi, the emir of Qatar and president of the UAE will be there to discuss Iran. The leaders of Brazil, Egypt, Kenya and South Korea are also attending. Beyond politics, Sam Altman, the head of artificial intelligence giant <a href="https://pakistantv.com/article/chatgptmaker-openai-files-to-take-company-public" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">OpenAI</a>, Anthropic chief Dario Amodei and Arthur Mensch of their European rival Mistral AI will attend a lunch on Wednesday on protecting minors in the digital sphere. &quot;The aim is to have new agreements, convergences between the G7 countries and its partners... to find common solutions, reduce tensions in the world and improve the state of our economies,&quot; said Macron in his Instagram video. A vast security lockdown is in place, mobilizing thousands of police and troops, an operation that extends to neighboring Switzerland on the other side of the lake. On Sunday, police and people protesting the G7 summit clashed in the Swiss city of Geneva. Protesters threw bottles, stones, pieces of cement and firecrackers near the United Nations headquarters at the police, who responded with tear gas and water cannons. Russo-Ukrainian war The European leaders and Canada will also be keen to remind Trump of the importance of pushing Russia to accept a peace on Ukraine&#39;s terms, more than four years after the <a href="https://pakistantv.com/article/midadle-east-live-june-15-2026-1#" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">war </a>started. Zelensky on Monday called for G7 leaders to up their pressure on Moscow after the latest wave of Russian strikes that killed at least 11 people and set fire to a historic cathedral in Kyiv. &quot;It is very important that there be a response from the G7 countries,&quot; Zelensky said. Trump&#39;s G7 stay will begin with talks with Macron on Monday from 1500 GMT, followed by a working dinner with all the participants. He is to extend his stay in France by dining with Macron at the Palace of Versailles outside Paris on Wednesday after the G7 finishes. Leaders will also discuss matters related to Beijing, including rare earth minerals used in everyday electronic appliances.

Business

The G7 members will want details on the deal and the planned reopening of the Strait of Hormuz to shipping, with talks expected to focus on other pressing issues including Russo-Ukrainian war, global economy and artificial intelligence.

G7 allies seek common ground with Trump after US-Iran deal announcement

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Middle East

Americas

Day 74: All you need to know about US-Israel war on Iran

TOKYO: Oil prices rose on Monday after US President Donald Trump rejected Iran&#39;s terms for ending the war in the Middle East, while stocks were mixed. Trump&#39;s repudiation of Iran&#39;s response to his latest peace proposal raised the likelihood of further violence and disruptions to oil supplies through the Strait of Hormuz. &quot;I have just read the response from Iran&#39;s so-called &#39;Representatives.&#39; I don&#39;t like it &mdash; TOTALLY UNACCEPTABLE!&quot; said Trump, who is due in China this week where the war will likely loom large in discussions. &quot;We did not demand any concessions. The only thing we demanded was Iran&#39;s legitimate rights,&quot; Iranian foreign ministry spokesman Esmaeil Baqaei said Monday. Iran wants &quot;an end to the war&quot; and to the US naval blockade, and the &quot;release of assets belonging to the Iranian people, which have for years been unjustly trapped in foreign banks&quot;, he said. &quot;President Trump&#39;s swift rejection of these counter-demands underscores the wide gulf between both sides, pointing to a risk of prolonged uncertainty rather than rapid de-escalation,&quot; said Lloyd Chan at Japanese bank MUFG. &quot;For oil markets, this suggests a persistent geopolitical risk premium as Hormuz disruptions drag on,&quot; Chan said. Oil came off earlier highs and Asian stocks were mixed, with Tokyo closing half a percent lower and Hong Kong little changed but Seoul was up 4.3%, boosted by tech stocks. In Tokyo, Nintendo shares plunged almost 10% after the Japanese gaming giant warned Friday of lower profits this year and said it would hike the price of its Switch 2 console. In Europe Frankfurt and Paris started lower but London eked out early gains. US Treasury Secretary Scott Bessent was due in Japan and South Korea before heading to China for Trump&#39;s high-stakes summit with President Xi Jinping. &quot;China is willing to work with the United States in the spirit of equality, respect, and mutual benefit, to expand cooperation, manage differences, and inject more stability and certainty into a volatile and intertwined world,&quot; China&#39;s foreign ministry said Monday.

A man walks past an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange along a street in Tokyo on May 11, 2026. (AFP)

Banking

Oil prices rise after President Donald Trump rejects Iran’s conditions to end the Middle East conflict, increasing fears of prolonged instability and possible disruptions to crude shipments through the Strait of Hormuz.

Oil prices rise as Trump rejects Iran’s Middle East peace proposal

ISLAMABAD: Pakistan&rsquo;s Deputy Prime Minister and Foreign Minister Ishaq Dar on Monday held talks with Norway&rsquo;s Deputy Foreign Minister Andreas Motzfeldt Kravik at the Ministry of Foreign Affairs, focusing on the evolving regional situation and prospects for enhanced cooperation. During the meeting, Dar underscored Pakistan&rsquo;s continued efforts to promote engagement and dialogue aimed at ensuring peace and stability in the region and beyond. <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 696px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2051224215488004364&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=2ce8bbd824ad3b4d0ec5e5bd188a62392d83fc8e&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px">&nbsp;&nbsp;</iframe></div></div>Kravik appreciated Pakistan&rsquo;s constructive role and reiterated Norway&rsquo;s support for ongoing efforts toward a peaceful and durable resolution of conflicts. Both sides also reviewed bilateral relations and explored avenues to deepen cooperation across various sectors of mutual interest. The Norwegian deputy foreign minister conveyed an invitation from his country&rsquo;s foreign minister to Dar to participate in the Oslo Forum scheduled for next month. Dar expressed appreciation for the invitation, with both sides agreeing to remain in close contact on bilateral matters as well as issues relating to peace, stability, and development. Pakistan, UK discuss regional tensions, peace efforts Pakistan&rsquo;s foreign minister also spoke with UK Foreign Secretary Yvette Cooper on Monday, discussing regional developments, peace efforts and global economic concerns, according to the Ministry of Foreign Affairs.&nbsp; The Foreign Office said in a post on X (formerly Twitter) that the two leaders exchanged views on evolving regional developments. Cooper said Pakistan&rsquo;s efforts to support engagement and mediation aimed at lasting peace in the region were noted. <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-2" scrolling="no" frameborder="0" allowtransparency="true" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 770px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-2&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2051355003558961595&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=aacf9820f3d834bc3c8b3361a678ef714ca4d4a7&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" data-tweet-id="2051355003558961595">&nbsp;&nbsp;</iframe></div></div> Dar said Pakistan remains committed to dialogue and diplomacy for regional and global peace and stability. The two also discussed global economic implications and wider impacts of ongoing conflicts.&nbsp;Both sides agreed to remain in close contact on bilateral, regional and international matters of mutual interest.

Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar receives Norway's Deputy Foreign Minister Andreas Motzfeldt Kravik at the Ministry of Foreign Affairs in Islamabad on May 4, 2026. (Photo: X/ @ForeignOfficePk)

Foreign Affairs

Kravik appreciates Pakistan’s constructive role and reiterated Norway’s support for ongoing efforts toward a peaceful and durable resolution of conflicts.

Articles tagged with "global economy"

G7 allies seek common ground with Trump after US-Iran deal announcement

Day 74: All you need to know about US-Israel war on Iran

Oil prices rise as Trump rejects Iran’s Middle East peace proposal

Pakistan FM, Norwegian deputy FM discuss regional situation, bilateral ties

G7 allies seek common ground with Trump after US-Iran deal announcement