The U.S. and Iran released the text of an interim agreement their presidents have signed to end their war on Wednesday, with U.S. President Donald Trump threatening to resume attacks and kill Iranian officials if they failed to honour their commitments.
Rising fuel prices driven by the Iran war are boosting demand for new and used electric vehicles across Europe, industry data shared with Reuters shows, though some executives warn interest could fade if petrol costs fall.
Industry experts say improvements in charging infrastructure and a wave of more affordable models, including from Chinese automakers - are helping make EVs more mainstream, supporting demand.
The U.S. and Iran have agreed to an extended ceasefire, but shipping disruptions mean oil flows through the Strait of Hormuz may take weeks to normalise, with fuel prices likely to remain elevated for months.
U.S. President Donald Trump, attending the G7 with other leaders in France, also withdrew at least one of his stated rationales for attacking Iran in the first place, saying it would be "unfair" for Tehran not to have ballistic missiles, having previously vowed to obliterate them.
"We're going to bomb the hell out of them if they violate the agreement," Trump said of Iran at a press conference. "I don't want them to. I want them to honor the agreement."
He also called Iranians "smart people" as U.S. and Iranian negotiators work on a permanent truce over the coming 60 days, which Trump said he hoped would usher in peace in the Middle East and lower oil prices.
Earlier, he had said: "If I don't like it, if they don't behave, we'll go right back to dropping bombs right smack in the middle of their head, OK?"
U.S. President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed a memorandum of understanding aimed at ending the war with Iran, a U.S. official told Reuters.
The memo had been signed digitally on Sunday by Vice President JD Vance and Iran's chief negotiator Mohammad Baqer Qalibaf and witnessed by Trump, the official said.
Iran's Foreign Ministry spokesman Esmaeil Baghaei said that talks between Iran and the United States on Friday in Switzerland are not confirmed for now.
"The Friday meeting was confirmed until a few hours ago, but when it was decided that the presidents of the two sides (Iran and the U.S.) would sign the agreement, it was decided to pause consideration of the Friday meeting for now," Baghaei said.
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Italian Foreign Minister Antonio Tajani has announced that Italy will reopen its embassy in Tehran on Friday (19 June), marking a rare reversal in a period of heightened regional instability and disrupted diplomatic ties across the Middle East.
UN Women chief Sima Bahous warned the United Nations Security Council on Wednesday that peace processes are more fragile and less effective when women are excluded from decision-making, as global conflict levels reach their highest point since the UN was founded.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
U.S. President Donald Trump said on Wednesday that he had a "very good" conversation with Indian Prime Minister Narendra Modi during the G7 summit in France, adding that Washington and New Delhi were working on trade agreements despite recent strains in bilateral ties.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vulnerabilities in the country's energy security. However, a proposed peace agreement now offers hope for economic relief.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
U.S. and Iranian officials said on Sunday they have agreed on a deal to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, possibly leading to lower energy prices once oil shipments resume through the critical waterway.
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