Lizzie Burden

Leaders are expected to discuss a framework for demining the waterway, which would require agreement from Iran and other parties involved.

European leaders hope to secure Trump's backing for the mission.

But the US president is already downplaying both Europe's role and the challenges involved.

Here he is speaking alongside French President Emmanuel Macron.

Trump was speaking during a bilateral meeting with Macron, who, along with the UK's Keir Starmer, has been leading efforts to develop a plan to reopen the strait.

While Washington and Tehran both say that they've reached an interim agreement to reopen the key shipping lane, they've offered differing accounts of what it contains.

Officials are due to sign the accord in Switzerland on Friday, with the full text expected to be released later.

The BOJ wants a pace of hikes to depend on the Middle East to impact the economic outlook.

Of course, we'll be watching what the inflationary impact will be from a peace deal if, in fact, that agreement sticks.

So far, we know that, of course, Japan, before that conflict, imported more than 90 percent of oil from the Middle East.

So this will be very consequential.

China's consumer spending and investment has slumped to levels last seen during the pandemic.

Retail sales declined by 0.6% last month from a year ago, a worse than forecast drop.

UBS's chief economist Yu Song warns the country's domestic economy appears to be at risk of a deep slowdown.

The housing market downturn that Song points to comes in spite of China's continuing export boom.

A new poll has shown that Swiss voters are more inclined to back closer ties to the European Union than to reject them.

It's an early indication of sentiment ahead of a vote in Switzerland on the relationship with the EU, which is expected by 2028.

The polling by Tamedia shows that 46% of respondents lean towards supporting a set of agreements with the EU, while 40% lean against towards rejecting them.

The result reaffirms the view that a majority of Swiss voters don't want to sacrifice the country's ties with the bloc to calm discomfort over immigration.

That's as voters rejected plans to cap the country's population in a vote last weekend.