The U.S. and Iran are preparing to formally sign a temporary peace agreement in
Switzerland on Friday; both sides claim victory. Oil traders and shippers remain
uncertain how quickly navigation through the Strait of Hormuz will resume. Trump
is attending the G7 summit in France, and G7 members are expected to play a
central role in any mine‑clearing operations to restore shipping. A G7 official
said Italy’s defense minister Crosetto met U.S. defense secretary Hegseth in
Washington on Monday to discuss an Italian task group of four vessels for the
Strait, including two minehunters currently deployed to Djibouti and being
readied for the mission.
