The leaders of the US and Iran will sign an agreement on Friday to reopen the Strait of Hormuz, and the annual G7 summit kicks off today. SpaceX’s blockbuster IPO tells us a lot about Wall Street’s appetite for tech listings, and the New York Knicks won the NBA championship for the first time since 1973.

Mentioned in this podcast:

Trump says Iran and US agree deal to open Strait of Hormuz and extend ceasefire

Emmanuel Macron and Donald Trump test their bruised bromance at G7 summit

Wall Street digests record fundraising haul as AI race intensifies

SpaceX’s surge on debut makes Elon Musk world’s first trillionaire

New York Knicks’ winning streak should rub off on its owner too

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Alex Higgins and Kelly Garry. Additional help from Peter Barber, Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

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US, Iran agree ceasefire deal as Trump heads to G7 summit

FT News Briefing

US, Iran agree ceasefire deal as Trump heads to G7 summit