•European nations (UK, France, Germany, and Italy) have thrown their support behind the US–Iran peace deal, hoping to end months of conflict that have disrupted energy markets and raised gas prices.
•Volkswagen has agreed to sell a 51% stake in marine engine unit Everllence to private equity firm Bain Capital in a deal valued at about €7.4 billion ($8.40 billion).
•ConocoPhillips (COP) was added to RBC Capital Markets' June Global Energy Best Ideas List due to its financial strength and low-cost production profile.
•ConocoPhillips signed an agreement with the Syrian Petroleum Company and Novaterra to develop gas fields in Syria, marking its return to the country after two decades.
•The European Commission informed Amazon and Microsoft that their cloud computing services (AWS and Azure) are preliminarily considered gatekeepers under the Digital Markets Act, potentially imposing stricter regulation.
•President Trump accused Exxon, Chevron, Shell, and BP of not reducing gasoline prices in line with lower crude oil prices and ordered the DOJ to investigate price-gouging.
•The American Petroleum Institute said retail fuel prices don't move in lockstep with crude oil.
•President Trump met with the CEOs of Boeing, Lockheed Martin and Honeywell at the White House.
•The meeting comes as the administration pushes defense contractors to ramp up weapons production amid concerns about U.S. missile and munitions stockpiles.
•US adhesives maker H.B. Fuller will buy UK-based Advanced Medical Solutions Group in a cash deal valued at about £715 million ($942.1 million) including debt.
•Western Union has received approval or non-objection from 51 U.S. states and territories and all international jurisdictions for its acquisition of Intermex.
