US-Iran Ceasefire Breakthrough: Washington and Tehran moved toward formal signing of a war-ending MoU, with Trump saying the Strait of Hormuz would reopen and the US naval blockade be lifted, sparking a global market rally while details on nuclear steps and sanctions relief remain contested. Lebanon Clause Fight: Iran’s FM Abbas Araghchi said ending the war must include Israel’s withdrawal from Lebanon, warning any Israeli attack or continued presence would violate the MoU—while Israel says it won’t pull back. Hormuz Logistics Clash: Iran pushed back on “toll-free” claims, saying fees may be charged for services, as shipping firms warn disruption could last weeks and South Korea consults on tanker transit. Markets & Energy Shock: Oil slid toward three-month lows as investors priced in calmer flows; Goldman cut oil forecasts and foreign investors poured into Indian bonds on easing fuel-price fears. G7 Diplomacy: G7 leaders in France discussed the Iran track alongside Ukraine, with Middle East stability and Hormuz reopening on the agenda. Sports Amid Politics: Iran opened its World Cup campaign with a 2-2 draw vs New Zealand in Los Angeles amid protests and anthem booing, underscoring how the conflict is spilling into public life.