French President Macron said France will co-lead a Strait of Hormuz mission with the UK.

A Swiss diplomat said Switzerland has not received any information or a formal request to host a U.S.-Iran memorandum of understanding signing ceremony in Geneva. Pakistan Prime Minister Sharif had earlier said both sides would attend a signing in Geneva this Friday. The diplomat said holding a major event on such short notice would pose significant logistical challenges — the G7 summit is taking place in nearby Evian-les-Bains and delegations are using their Geneva missions as logistical hubs — but added Switzerland would likely be able to arrange the ceremony if a formal request is submitted.

Germany May wholesale price index MoM -0.6%; April +2.0%.