00:00President Trump wrapped up meetings in France following the G7 summit with a major focus on the Middle East.
00:06The biggest development was the signing of a memorandum of understanding between the U.S. and Iran,
00:11aimed at ending recent hostilities and reopening key trade routes, including shipping through the Strait of Hormuz.
00:17The deal also includes a controversial $300 billion for the reconstruction and economic development of the Islamic Republic of Iran.
00:26World leaders, including French President Emmanuel Macron, praised the diplomatic progress while still cautioning that nuclear negotiations are ongoing.
00:35Markets are watching closely because any lasting agreement could reduce geopolitical risk and stabilize global energy prices.
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