Global oil prices dropped sharply following President Trump’s announcement of an imminent deal with Iran to reopen the Strait of Hormuz. Meanwhile, the G7 summit begins in France under heavy security amid protests, and the US Department of Agriculture reports a rising screw worm infestation in Texas and New Mexico. In sports, Australia’s surprise World Cup victory over Turkey sets up a crucial match for the US men’s team, while Steven Spielberg’s "Disclosure Day" leads the weekend box office.