Iran and Ukraine Loom over G7 as France Accommodates Trump

FILE PHOTO: A drone views shows the Evian Resort hotel overlooking Lake Geneva (Leman) where the 2026 G7 summit will take place in Evian-les-Bains, France, September 12, 2025. REUTERS/Denis Balibouse/File Photo
FILE PHOTO: A drone views shows the Evian Resort hotel overlooking Lake Geneva (Leman) where the 2026 G7 summit will take place in Evian-les-Bains, France, September 12, 2025. REUTERS/Denis Balibouse/File Photo
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Iran and Ukraine Loom over G7 as France Accommodates Trump

FILE PHOTO: A drone views shows the Evian Resort hotel overlooking Lake Geneva (Leman) where the 2026 G7 summit will take place in Evian-les-Bains, France, September 12, 2025. REUTERS/Denis Balibouse/File Photo
FILE PHOTO: A drone views shows the Evian Resort hotel overlooking Lake Geneva (Leman) where the 2026 G7 summit will take place in Evian-les-Bains, France, September 12, 2025. REUTERS/Denis Balibouse/File Photo

Wars in the Middle East and Ukraine are set to dominate next week’s Group of Seven summit, as host France crafts an agenda aimed at projecting unity and avoiding confrontation with US President Donald Trump.

The June 15–17 gathering in Evian-les-Bains, on the shore of Lake Geneva, brings together the leaders of France, Britain, Canada, Germany, Italy, Japan and the United States, alongside the European Union, Reuters said.

With Trump struggling to end a war that has disrupted the global economy, and frustrated with European allies he deems to have failed him in the Gulf and grown over-reliant on the US for their security needs, diplomats say crisis management will be the focus.

No breakthrough decisions are thus expected on key issues, which also include tackling global economic imbalances and sourcing critical minerals outside China.

The grouping, founded half a century ago, has traditionally addressed economic and geopolitical challenges with broad consensus. But that cohesion has frayed since Trump returned to the White House in 2025.

Having already shifted the dates to accommodate Trump's birthday plans for cage fighting on the White House lawn, French officials, like other recent summit hosts, have set ‌the bar low, suggesting it ‌will be a success if Trump just stays for the whole event, having left the 2025 ‌version ⁠early.

"Macron has gone ⁠out of his way to have an agenda that is designed to appeal to the sort of things President Trump wants," said Josh Lipsky, chair of international economics at the Atlantic Council.

TRUMP'S MOOD MAY DEPEND ON IRAN

The tempo may be dictated by events in the Middle East. A fragile ceasefire between the US and Iran is under strain, and securing even an interim accord that delays tackling harder issues such as Iran's nuclear program is proving arduous.

Trump wants Iran to reopen the Strait of Hormuz, a choke point for global oil and gas shipments. Tehran is demanding that the US end its blockade on Iranian ports and release frozen Iranian assets, and that Israel cease its attack on the Iranian-backed Hezbollah militia in Lebanon.

Diplomats say Trump’s mood may hinge on ⁠whether he can get an accord done before the summit. In recent months, he has lashed out at ‌some of the US's closest allies in NATO for their unwillingness to support his Gulf ‌campaign.

One senior diplomat from a G7 member said an accord might allow the group to put months of tension with the US behind them.

France has invited ‌Saudi Arabia, the United Arab Emirates and Qatar, all directly harmed by the war, to the summit along with Egypt, a key player ‌in mediation efforts.

EUROPEANS SEEK US RESET ON UKRAINE

Also invited is Ukrainian President Volodymyr Zelenskiy.

Negotiations to end Russia’s war in Ukraine have stalled and Zelenskiy wants a fresh push and is pressing for Europe to play a bigger role.

Zelenskiy frets that the conflict in Iran has diverted US attention. Meanwhile, dynamics on the battlefield have shifted, with Ukrainian drones striking deeper into Russian territory to cut battlefield supply lines and hobble energy infrastructure.

European diplomats see the summit as an opportunity to convince Trump ‌that US proposals for a deal have been too favorable to Moscow. European nations also want to signal that they are willing to engage Moscow while tightening sanctions and boosting military support for Ukraine, ⁠emphasizing that they believe Russia, not ⁠Kyiv, is blocking progress.

"What we are increasingly seeing is Europeans beginning to think about a life with less America,” said Victor Cha, head of geopolitics and foreign policy at Washington's Center for Strategic and International Studies.

GLOBAL IMBALANCES PUT SPOTLIGHT ON CHINA

French officials have dropped plans for a sweeping final communique, opting instead for narrower joint statements on areas such as critical minerals, migration and drug trafficking.

Asuka Tatebayashi, senior analyst at Mizuho Bank in Tokyo, said the Japanese government and its major companies had for more than a decade built up stockpiles of critical minerals and shown they could weather supply shocks.

“It's one of the few fields that the US actually comes to Japan for advice on,” Tatebayashi said.

She urged the G7 to agree to a substantive initiative on critical minerals such as minimum pricing, sharing of stockpiles or joint development projects, but said the differences among them were still wide.

Paris has used its presidency to push for action on global macroeconomic imbalances, a longstanding US concern, before Washington takes the chair of the G20 this year and the G7 next.

France has framed the issue as a shared responsibility in that China overproduces, the United States overconsumes and Europe underinvests.

Brazil, India, Kenya and South Korea have been invited to the G7 to join the discussion, while Macron has urged China to boost its own consumption.

"None of that solves the problem, but the first step is recognizing that you have one,” Lipsky said. “This has been discussed for years, but not collectively within the G7."



US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
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US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP

US Treasury Secretary Scott Bessent unveiled Monday what he described as an "economic D-Day" that aims to give a final warning to countries to sever their business ties with Iran or risk having key companies and entities cut off from the dollar-based financial system.

"We are launching an economic onslaught against Iran’s financial connections around ⁠the globe. Our ⁠objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Bessent said.

He added that it’s “no longer acceptable to operate in the gray spaces” of the conflict.

He did not name what countries could face potential secondary sanctions from the United States.

“Let there be no ambiguity as to the position of the United States,” Bessent told a news conference. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

The US Treasury Department has mapped the networks, facilitators, and financial channels that Iran uses to smuggle oil and evade sanctions and said that Washington would be working with US partners to target any source of Iran's "illicit revenue."

The department said it has issued determinations against five sectors -- digital assets, technology, gold, ⁠aviation and shipping -- that the Iranian government is using to prop up its economy. The Treasury has also imposed sanctions on nearly 60 entities, individuals and vessels.

US President Donald Trump's war with Iran, which has pushed energy prices higher worldwide, is about to hit its six-month mark. While heavy fighting has ‌subsided, diplomatic efforts to end the war have stalled and oil and raw material shipping through the Strait of Hormuz ⁠remains blocked, ⁠keeping energy prices elevated.


Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
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Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)

President Donald Trump said Monday that Iran is "collapsing" hours before the US government was set to announce details of what it says will be crushing sanctions against Tehran.

"IRAN IS COMPLETELY COLLAPSING!!!" Trump posted in his trademark all-caps style on his social media platform Truth Social.

“President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” US Treasury Secretary Scott Bessent wrote Sunday in an opinion piece in the Financial Times.

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.”


Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
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Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)

Crown Prince Haakon visited his father King Harald of Norway on Monday at the hospital, after the king's health deteriorated over the weekend, public broadcaster NRK reported.

The 89-year-old monarch, who has been on sick leave for several weeks, was admitted to the National Hospital a week ago. He is now receiving antibiotics for a bacterial blood infection and has responded to treatment, the royal palace said late Sunday, adding that his condition is stable.

Haakon, has been serving as regent during that time, The Associated Press quoted the palace as saying.

The king has hemolytic anemia and was being treated with cortisone, leading to fluid accumulation in the body that required hospital treatment, the palace said last week.

Norway's prime minister sent his wishes for the king and said that “all of Norway is following and thinking about the king,” NRK reported.

“My strong wish is that he continues to receive good treatment from the good healthcare system we have,” Prime Minister Jonas Gahr Støre said.

Harald, who has been monarch since 1991, has been in and out of the hospital several times in recent years.

In February, he was admitted to a hospital in Spain’s Canary Islands during a winter vacation for treatment for a skin infection.

Two years ago, the king fell ill during a private vacation with the queen in Malaysia and received a temporary pacemaker there. Harald returned aboard a medical airplane to Norway, where he was fitted with a permanent pacemaker.