366 briefings

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337

Cuba said U.S. talks had stalled as embargo diplomacy and limited bilateral channels remained in place

Cuba said on July 1 that talks with the United States were showing no progress, with the broader relationship still constrained by the embargo framework, limited humanitarian carve-outs and only partly restored consular services.

338

U.S. AI export program moved into review after first proposal window closed

The U.S. American AI Exports Program entered its review phase after the inaugural proposal window closed on June 30, 2026, shifting Commerce from intake to screening and designation decisions under Executive Order 14320.

339

US expanded Cuba sanctions and designated CUPET as Havana said bilateral talks had shown no progress

As of 1 July, the operative change was the United States' May-June 2026 expansion of Cuba sanctions, including the 11 June designation of state oil company CUPET, after which Cuba said on 30 June that bilateral talks had shown no progress.

340

EU formally joined the U.S.-led Pax Silica initiative after authorising signature earlier in June

The European Commission signed the non-binding Pax Silica Declaration on 25 June 2026 on behalf of the EU, completing an internal EU authorisation process that had begun in March and was cleared by member states earlier in June.

341

Sovereign investors managing $29tn shifted further toward energy and infrastructure as reserve managers reassessed dollar and custody exposure

An Invesco survey published on June 29, 2026 said sovereign wealth funds and central banks managing $29tn were increasing emphasis on energy security, energy-transition infrastructure, gold and non-US custody options as concern over the dollar’s long-term reserve role rose.

342

European Commission advanced its DMA cloud case with a preliminary view that AWS and Microsoft Azure should be designated as gatekeepers

On 25 June 2026, the European Commission said it had informed Amazon and Microsoft of its preliminary view that AWS and Microsoft Azure should be designated as gatekeepers under the Digital Markets Act, moving the cloud cases beyond investigation but stopping short of a final designation.

343

Israel and Lebanon signed a U.S.-brokered framework to implement Hezbollah dismantlement, but Hezbollah’s rejection left execution uncertain

As of June 29, 2026, the latest material development was the June 26 signing of a U.S.-brokered Israel-Lebanon framework that set an implementation process aimed at dismantling Hezbollah, while Hezbollah’s rejection the next day left the deal’s core security provisions uncertain.

344

EU advanced its DMA cloud case with a preliminary view that AWS and Azure should be designated gatekeepers

On 25 June 2026, the European Commission said it preliminarily considers Amazon Web Services and Microsoft Azure to be gatekeepers under the Digital Markets Act, moving the case beyond the investigation stage while leaving final designation pending.

345

EU completed legal implementation of 2025 EU-US tariff commitments, with tariff cuts due after Official Journal publication

On 25 June 2026, the Council completed the EU legislative process for two regulations implementing the tariff commitments in the 21 August 2025 EU-US Joint Statement, with the measures due to enter into force the day after publication in the Official Journal.

346

EU advanced its DMA cloud case with a preliminary view that AWS and Azure should be designated gatekeepers

As of 28 June 2026, the European Commission had not yet made a final Digital Markets Act designation but had moved its cloud case forward by telling Amazon and Microsoft that AWS and Azure should preliminarily be treated as gatekeepers.

347

OpenAI began a restricted GPT-5.6 preview after U.S. review, with broader access still pending

OpenAI said on June 26 that GPT-5.6 entered a limited preview for a small group of trusted partners after the U.S. government requested restricted initial access before any broader rollout.

348

EU advanced DMA cloud case with preliminary gatekeeper view on AWS and Azure

On 25 June 2026, the European Commission said preliminarily that Amazon Web Services and Microsoft Azure should be designated as gatekeepers under the Digital Markets Act, moving the cloud case from investigation to adverse preliminary assessment but not yet to a final decision.

349

Hormuz trade normalization remained incomplete after the U.S.-Iran deal as renewed attacks undercut the reopening

As of June 27, 2026, the U.S.-Iran agreement and reopening steps had eased energy and commodity prices, but renewed attacks and the IMO’s pause of its evacuation operation showed that Strait of Hormuz transit conditions had not normalized.

350

EU advanced cloud DMA case with preliminary gatekeeper view on AWS and Azure

As of 27 June 2026, the European Commission had reached a preliminary view that Amazon Web Services and Microsoft Azure should be designated as gatekeepers for cloud computing under the Digital Markets Act, escalating a cloud-sector case opened in November 2025 without yet making a final designation decision.

351

US-Iran interim deal entered a contested 60-day implementation phase under a Qatar-Pakistan roadmap

The US-Iran interim deal moved into a formal 60-day implementation phase on June 22 under a Qatar-Pakistan-mediated roadmap, but public disputes over IAEA access and continued strain around Hormuz and Lebanon showed that key terms and linked security arrangements remained unsettled as of June 26.

352

EU advanced a possible DMA gatekeeper designation for AWS and Microsoft Azure

On 25 June 2026, the European Commission said it had reached a preliminary view that Amazon Web Services and Microsoft Azure should be designated as gatekeepers under the Digital Markets Act, advancing a cloud-sector case opened in November 2025 but stopping short of a final designation.

353

China’s export-control listing of 10 U.S. entities remained in force after June 22, immediately blocking China-origin dual-use exports without ministry approval

China’s June 22 decision to add 10 U.S. entities to its export control list remained in force as of June 26, immediately barring exports and other provision of China-origin dual-use items to those entities unless the Ministry of Commerce approves an exception.

354

EU advanced AWS and Azure toward possible DMA gatekeeper designation

As of 26 June 2026, the European Commission had moved AWS and Microsoft Azure into a more advanced Digital Markets Act procedure by notifying Amazon and Microsoft of its preliminary view that the cloud services should be designated as gatekeepers, without making a final designation yet.

355

EU advanced toward DMA gatekeeper designation for AWS and Microsoft Azure

On 25 June 2026, the European Commission said it had reached a preliminary view that AWS and Microsoft Azure should be designated as gatekeepers under the Digital Markets Act, moving the cloud cases from investigation toward possible designation but not yet imposing final obligations.

356

Hormuz traffic recovery remained fragile after a Gulf of Oman vessel attack paused the IMO evacuation effort

By June 25, traffic through the Strait of Hormuz had been recovering after a June 17 U.S.-Iran memorandum and a June 22 U.S. general license on Iranian oil sales, but a vessel attack in the Gulf of Oman then forced the IMO to pause its evacuation operation.

357

U.S.-Iran memorandum entered a disputed inspection phase as Tehran and the IAEA diverged on access timing

By June 24, 2026, the main unresolved test of the June 17 U.S.-Iran memorandum was whether IAEA inspectors would regain access to Iranian enrichment sites during technical implementation or only after a final agreement.

358

US-Iran memorandum and sanctions reprieve drove Hormuz traffic recovery as residual shipping-risk questions persisted

As of June 25, 2026, the June 17 US-Iran memorandum and a US sanctions license issued on June 22 had shifted the Strait of Hormuz from disruption toward managed recovery, with tanker flows nearing normal and oil prices retreating while maritime-risk and transit-governance questions remained unresolved.

359

European Commission said AWS and Microsoft Azure should be designated as DMA gatekeepers in a preliminary step

The European Commission said on 25 June that it had reached a preliminary position that Amazon Web Services and Microsoft Azure should be designated as gatekeepers under the EU Digital Markets Act, advancing a cloud-sector process opened in November 2025 into a more substantive compliance track.

360

U.S. widened its Cambodia-linked scam-network crackdown with new Prince Group sanctions and proposed H-Pay banking curbs

On June 23, 2026, the U.S. Treasury sanctioned 35 additional Prince Group-linked targets and said FinCEN had proposed extending Huione-related correspondent banking restrictions to H-Pay Service PLC and any successor entity, expanding an existing Cambodia-focused enforcement campaign.