US and Iran
Sign 14-Point Peace MOU, Ending the War
The US and Iran have signed a Memorandum of Understanding ending
their 107-day conflict, with a 60-day window to negotiate a final
settlement. The 14-point framework — leaked via Bloomberg and Al Arabiya
— reportedly includes a $300 billion reconstruction fund (more than half
already committed), Iran’s restored right to sell oil, and the lifting
of the US naval blockade, which Tehran’s deputy foreign minister
confirmed has been “lifted.” JD Vance traveled to Switzerland for the
signing.
The strategic reversal is stunning: Supreme Leader Khamenei and key
officials were killed during the campaign, yet the regime survived
intact enough to negotiate, and Western powers — once aligned with the
offensive’s regime-change aims — have pivoted to backing Tehran’s
rehabilitation in a matter of weeks. Most Iranians frame the deal as
necessity rather than victory, doubting it will last or improve daily
life. (Aftermath, Republican skepticism, and the Israel rift covered
in World.)
G7
Unites Behind Ukraine at Évian; Trump Signals Russian Oil Sanctions
Return
In an unexpected outcome at the G7 summit in Évian-les-Bains, Trump
signed a joint declaration pledging “unwavering support for Ukraine in
defending its freedom, sovereignty, and territorial integrity.” Leaders
agreed to expand air-defence deliveries, consider licensing Ukraine to
produce interceptor missiles domestically, include Kyiv in a new $1
billion US humanitarian package, and tighten sanctions on Russia’s
energy sector — with Trump signalling a swift return of sanctions on
Russian oil. Zelensky, meeting Trump on June 16, is pushing for direct
talks with Putin before winter; the Kremlin denied receiving any such
proposal and again rejected a head-of-state meeting.
European allies framed the Iran deal as opening a window to refocus
pressure on Moscow — but worry the freshly unburdened Trump may try to
run the peace process himself and trade away too much Ukrainian
sovereignty for an early settlement. Trump’s own posture stayed
ambiguous, claiming the war has “no impact” on the US while vowing to
help end it. (Frontline and battlefield momentum in Ukraine.)
Russia
Strikes Kyiv Cathedral; Ukraine’s Drones Ignite a Russia-Wide Fuel
Crisis
Russian missiles killed 11 people in Kyiv and set the historic Kyiv
Pechersk Lavra cathedral ablaze — one of the war’s most symbolically
charged attacks on Ukrainian heritage. Ukraine’s “just response,” as
Zelensky put it, was a drone strike that halted the Moscow Oil Refinery
in Kapotnya, a facility supplying ~40% of Moscow’s fuel.
That strike is part of a campaign now reshaping Russia’s home front.
Ukraine’s General Staff says hits on 16 refineries have cut total
refining capacity by 30%, driving gasoline output to a 16-year low. Fuel
rationing has spread across most of Russia — Rosneft, Tatneft and
Bashneft are all imposing per-customer purchase limits, queues are
forming on major highways, and Moscow has extended permission for
substandard fuel to enter the domestic market.