Trump to return to Ireland to watch the Ryder Cup.

Iran will present reopening of the Strait of Hormuz as a regional collective solution and will meet Gulf state representatives in Oman next Monday to discuss next steps, foreign ministry spokesman Baghaei said. Tehran seeks to assign the strait's future management to regional actors. Iran and Oman have agreed on a temporary shipping corridor through the strait, short-term clearance of sea mines and to define next steps for managing navigation. Parties also appear to agree that GCC states bordering or adjacent to the strait will participate in a proposed solution.

S&P expects Saudi oil output to rise by 2027 but remain well below Saudi Arabia's reported maximum feasible capacity of 12.3 million barrels per day.