June 22, 2026
United States:
US and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz Open
The US and Iran made “encouraging progress” in talks on a peace deal and will continue technical-level discussions this week, mediators said, even as President Donald Trump again threatened strikes if Hezbollah keeps attacking Israel.
US Vice President JD Vance and Iranian Foreign Minister Abbas Araghchi were among the participants in the talks in Bürgenstock, Switzerland. “Encouraging progress has been made including the creation of a mechanism for further technical talks,” mediators Qatar and Pakistan said in a joint statement. The parties agreed on a roadmap toward reaching a final deal within 60 days.
Europe:
Lagarde Sees No Need for More Forceful ECB Response to War
The European Central Bank doesn’t need to react more forcefully to the fallout from the Middle East conflict because inflation is set to return to target over the medium term, President Christine Lagarde said.
Households don’t see elevated consumer-price gains lasting, Lagarde told European lawmakers in Brussels. That gives the ECB confidence that inflation will fall back to 2% from more than 3% now “with appropriate monetary-policy action,” she said.
Asia:
Iranian Crude Exports Surge Via Hormuz as Activity Picks Up
Iran has ramped up the amount of oil it sends openly through the Strait of Hormuz to the highest since the war began, as shipping activity picks up while Tehran and Washington seek a lasting peace deal.
About 6 million barrels are on three US-sanctioned supertankers — Elva, Virgo and Vigor — that entered the chokepoint early Monday, ship-tracking data show.
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