US-Iran deal shifts the mood at France’s G7

French President Emmanuel Macron this week hosted the G7 summit of leaders from North America, Europe, and Japan. Yet it was the Iran crisis that framed the big event. The new memorandum of understanding between Iran and the US has been widely criticized since its release — not only by politicians, but also by business leaders. For instance, some in the shipping industry are concerned that toll-free access to the Strait of Hormuz may be in jeopardy in the coming months.

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