German Chancellor Merz said he is willing to participate, is confident the deal will succeed, and said Iran will accept the terms because it must.

UAE president thanked U.S. President Trump for his support for allies during the war.

Morgan Stanley sharply cut near-term oil forecasts in a June 15 report, citing a tentative US‑Iran agreement to reopen the Strait of Hormuz that should restore regional output and add supply. Analysts including Martijn Rats now see Brent crude averaging $90/bbl in Q3 (prior $100) and $80/bbl in Q4 (down $15). They say expected timing for Middle East output restoration has moved up one to two weeks, with gradual recovery from mid‑July, roughly 50% by September, 80% by December and the remainder by early 2027; many issues and key risks remain.