As the Group of Seven (G7) summit enters its second day, the Ukraine war is expected to dominate talks, along with the interim U.S.-Iran peace deal and reopening the Strait of Hormuz. The G7 includes France, the U.S., Germany, Canada, Italy, Japan and the UK. Guest nations at the summit include Qatar, the UAE, Egypt, Ukraine, Brazil, India, South Korea and Kenya.

Ukraine in focus: President Donald Trump said he'd focus on Ukraine now that he'd reached a deal with Iran. European leaders, including French President Emmanuel Macron, are expected to press Trump to continue supporting Ukraine and push Russia to negotiate a peace deal. Trump said he had "a very good conversation" with Russian President Vladimir Putin and Ukraine's Volodymyr Zelenskyy during separate calls on Sunday. "Maybe we can do something there. I think they are both very open to it," Trump added. Yuri Ushakov, Russian presidential aide, said Trump talked about how ending the war could open the door to "a truly new quality of U.S.-Russian relations." Zelenskyy has said he would push for more air defenses from allies at the summit.

G7 leaders will also discuss details of the preliminary agreement between the U.S. and Iran to end hostilities. Macron said France and its allies were prepared to secure the Strait of Hormuz. "We are ready… as early as tomorrow, we can have fighter jets for surveillance missions, a frigate in the area tomorrow, and the Charles de Gaulle [aircraft carrier], mine-clearing capabilities and everything that comes with it within two, three days," he told French broadcaster TF1 on Monday. Nine countries, including France, said they are committed to playing their part in ensuring unconditional freedom of navigation in the Strait of Hormuz "including through a strictly defensive and independent mission to reassure commercial shipping and conduct mine clearance operations."

Trade pushback: The Trump administration's push to boost critical minerals production by regulating prices is facing skepticism from G7 allies, Reuters reported. The plan, first proposed in February to reduce dependence on China, envisions a trade bloc for critical minerals. The bloc would explore price floors, subsidies or guaranteed purchases to encourage production across countries. But G7 members have pushed back against U.S. Trade Representative Jamieson Greer in private talks and cooled on the idea of the bloc relying on a price scheme derived from a Pentagon AI model. Other concerns are who ​would pay a premium for minerals, how far down the supply chain those subsidies should go and how governance would work, according to European officials.