EU Budget & Geopolitics: EU leaders meet in Brussels to tackle Ukraine, the China shock and a €2 trillion budget, while preparing fresh sanctions and trying to align on “global macroeconomic imbalances.” Iran Deal & Energy: Trump signs an initial US-Iran peace deal at the G7, including reopening the Strait of Hormuz and sanctions relief tied to a 60-day negotiation window—markets watch for knock-on effects for oil and Europe’s energy security. Markets: European shares are set to track Wall Street lower amid Fed rate concerns, even as investors digest the Iran memorandum. AI Sovereignty Clash: Brussels pushes “AI factories” and faster industrial deployment after the US restricts access to an advanced Anthropic model, underscoring Europe’s push to build and scale critical tech. Cyber & Crypto Rules: France will stop certifying security products without quantum-resistant encryption from 2027, while crypto firms brace for MiCA-era compliance pressures. Trade With India: EU and India move toward a landmark free trade agreement by end-2026, with G7 talks boosting momentum. Security & Politics: Britain faces renewed destabilisation fears after a firebomb attack tied to alleged foreign influence, while France’s far-right surge raises economic-policy uncertainty. Industry & Investment: Nordic manufacturers keep shifting higher-value production to Vietnam; France and the EU also back major infrastructure and investment conferences, including EU-Jordan in late 2026.