Trump Speaks at G7 Summit in France; Oil Drops to Three-Month Low | Bloomberg Brief 6/16/2026

US equity futures waver after a three-day winning streak as Federal Reserve Chair Kevin Warsh is set to kick off his first FOMC meeting as the head of the central bank.

Oil heads for its longest streak of declines this year as an interim US-Iran agreement to reopen the Strait of Hormuz ramps up bets on a revival of supply.

President Trump speaks on deal talks with Iran at the G7 summit in France. Jane Foley of Rabobank discusses the Bank of Japan's rate decision and looks ahead to the Fed's decision.

(Source: Bloomberg)