US-Iran Ceasefire Deal Fallout: The US and Iran traded strikes again as negotiations stalled, with Iran saying the ceasefire was “meaningless” and the US warning Tehran would “pay the price,” while details of the still-unpublished MoU remain disputed. Strait of Hormuz Uncertainty: Markets cheered hopes of reopening, but shipping firms warn minesweeping and safety checks could delay normal transit for weeks, even as oil prices fell to the lowest since early March. Israel-Lebanon Clause Tensions: Iran’s foreign minister says ending the war requires Israel to withdraw from Lebanon, clashing with Israel’s insistence it will keep forces there, raising fears the agreement could unravel. G7 Diplomacy Pressure: At the G7 in France, Trump touted the framework and said it will move to a “second stage,” while leaders focused on Ukraine and the Middle East crisis. Energy Demand and LNG Moves: Bangladesh’s state gas company is still buying extra spot LNG cargoes for July, citing demand and Hormuz-linked uncertainty. Regional Diplomacy: Qatar hosted talks with China’s envoy on US-Iran and regional developments, highlighting continued mediation efforts. Economy and Rates: Japan’s central bank lifted rates to a 31-year high, citing inflation risks tied to the Iran-linked energy shock. Business and Society: HEC Paris marked Middle East graduates in Doha and Paris, while investors tracked shifting risk appetite after the deal headlines.