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A new U.S.-Iran agreement is easing fears of a broader Middle East conflict, reopening the Strait of Hormuz and giving global markets a reason to breathe easier. Meanwhile, Russia's strike on a 1,000-year-old Kyiv monastery has reignited outrage across Europe as G7 leaders gather in France to tackle Ukraine, energy security, and artificial intelligence. We'll also cover the Knicks' long-awaited NBA title, the Hurricanes' Stanley Cup victory, and the stories shaping the week ahead.

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Europe and Japan endorsed the newly signed U.S.-Iran agreement on Sunday, with European capitals signaling sanctions relief and pressing Tehran to reopen the Strait of Hormuz to commercial traffic. The deal caps more than three months of stop-start negotiations and intermittent fighting that began in late February.

Inside Iran, ordinary citizens told reporters they were relieved the fighting was ending. Opposition groups weren't — they're frustrated the regime survived intact. Brent crude is expected to open sharply lower as the Hormuz chokepoint, which carries roughly a fifth of global oil, returns to normal flows.

Russia launched missiles and drones at Kyiv overnight, setting the roof of the Dormition Cathedral at the Kyiv Pechersk Lavra — a UNESCO World Heritage Site more than 1,000 years old — ablaze. At least nine people were killed across Ukraine, including five rescue workers in Kharkiv struck while fighting an earlier fire at a separate site.

Zelenskyy condemned the attack as deliberate cultural destruction, with Ukraine's Culture Minister confirming Russian forces targeted the millennium-old cathedral directly. Power was cut to 140,000 Kyiv residents; Ukraine launched deep retaliatory strikes inside Russian territory before dawn.

The 52nd G7 Summit kicked off Monday in Évian-les-Bains, France — the first held there since 2003 — with Trump arriving fresh from announcing the Iran deal, setting two days of talks on the war's end, Ukraine, and AI regulation. French President Macron invited OpenAI CEO Sam Altman; thousands of protesters gathered in nearby Geneva as security forces deployed across the French-Swiss border.

Zelenskyy was invited to a Tuesday working session but was denied a one-on-one with Trump — a pointed signal about how much US-Ukraine relations have cooled. Leaders will also address the Trump administration's weekend order suspending Anthropic's advanced AI models for foreign nationals, a decision that rattled the tech sector heading into the summit.

Marius Borg Høiby, 29 — eldest son of Norway's Crown Princess Mette-Marit — was sentenced Monday to four years in prison after conviction on two rape charges involving women who were heavily incapacitated at the time. Prosecutors had sought nearly 7.5 years across 40 charges; the case drew international attention due to Høiby's royal connections and his mother's disclosed past contacts with Jeffrey Epstein.

Downing Street announced an £18 billion investment agreement with Japan covering UK infrastructure and offshore wind projects. The deal arrives as Britain hunts for foreign investment to plug stubborn growth gaps.

An active Ebola outbreak in eastern Democratic Republic of Congo is reshaping daily life across the region, with fear spreading faster than accurate health information. Hospitals have shifted toward containment roles, disrupting normal care delivery as the WHO monitors a situation it has separately designated a global health emergency.

A skydiving plane in Missouri crashed on takeoff Sunday, killing all 11 skydivers and the pilot aboard the Pacific Aerospace turboprop, which failed to gain altitude after departure from Butler Memorial Airport. Some victims' family members witnessed the crash; both the NTSB and FAA launched investigations, with a parachute reportedly striking and damaging the plane's tail.

The mayoral race in Frisco, a fast-growing Dallas suburb, turned into a referendum on anti-Muslim messaging before voters decisively rejected candidate Mark Hill. The result is being watched as a barometer of how diversity politics play in suburban Sun Belt elections.

Justin Gaethje, 37, pulled off one of the biggest upsets in lightweight history, stopping the previously undefeated Ilia Topuria via TKO in Round 4 at UFC Freedom 250, held on the White House South Lawn. Every fight on the card ended by KO or TKO — a first in UFC history — before an estimated 80,000 additional fans watching on The Ellipse nearby.

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Bond giant Pimco told clients that defaults are beginning to surface again across credit markets and urged investors to lean into fixed income while equity valuations look stretched. It's the firm's clearest pivot away from risk assets in over a year.

Economists admit they have no idea what to expect from new Fed Chair Kevin Warsh's debut press conference this week, given his shifting public stances on inflation and rates. Markets are pricing in a 60% chance of a 25-basis-point cut, but the bigger question is the tone.

Chinese AI developer Zhipu surged 33% in Hong Kong trading after the Trump administration ordered Anthropic to suspend its most advanced AI models for foreign nationals — effectively barring many engineers from accessing models they helped build. JPMorgan raised its Zhipu target to HK$1,400 and BofA initiated with a buy, as analysts flagged a potential "brain flight" toward Chinese firms including DeepSeek and Moonshot AI.

Archaeologists in Scotland have confirmed a striking 2,000-year-old finding: a woman's leg bone and three arm bones were whittled into sharp-pointed tools after her death, before her remains were carefully reassembled for burial. Published in Antiquity, the findings shed new light on Iron Age mortuary practices in Britain and raise fresh questions about how those communities understood the body after death.

Switching to e-cigarettes instead of quitting may still carry cancer risks, according to a new study of more than 4.5 million people that found lung cancer rates were higher in switchers than in those who quit entirely. Published in Nature Medicine, the research complicates public health guidance that has long treated vaping as a straightforward cessation tool.

A fresh discovery at the edge of the solar system has muddied rather than resolved the hunt for Planet Nine, the hypothetical massive body astronomers have chased since before Pluto's 1930 discovery. The new object's orbit fits some Planet Nine predictions but contradicts others.

The Carolina Hurricanes captured the Stanley Cup with a 3–0 shutout over the Vegas Golden Knights in Game 6 on Sunday, ending a 20-year championship drought. Jordan Staal claimed the Conn Smythe Trophy as playoff MVP; goalie Brandon Bussi recorded his first career playoff shutout with 22 saves in the clincher.

Four more group-stage matches tip off at the 2026 World Cup today: Spain vs. Cape Verde in Atlanta, Belgium vs. Egypt in Seattle, Saudi Arabia vs. Uruguay in Miami, and Iran vs. New Zealand in Inglewood. Day 4 delivered a Netherlands–Japan 2-2 thriller and a 90th-minute Ivory Coast winner, keeping the 48-team tournament wide open.

The New York Knicks defeated the San Antonio Spurs 94-90 in Game 5 of the NBA Finals to secure their first championship in 53 years, completing a 4-1 series victory and ending one of the longest title droughts in professional sports. New York's playoff run was defined by resilience and comeback wins, delivering a long-awaited championship to a franchise and fan base that had been chasing a title since 1973.

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American singer-songwriter Oliver Tree is among six people presumed dead after a helicopter collision over Rio de Janeiro on Sunday. Tree built a cult following with viral oddball music videos and genre-mashing albums.

Jane Fonda accused the government of routinely violating the First Amendment to silence artists at the Rise Up, Sing Out concert in New York, blaming "cowardly corporations" for going along. The star-studded benefit drew a packed house and the predictable counter-reactions online.

Actress Anne Schedeen, who played mom Kate Tanner on the 1980s sitcom "ALF," has died at 77. A family statement remembered her "whip smart humor" and love of thrifting alongside her television legacy.

What it is: Six defendants went on trial in Paris this week over a string of thefts of rare Russian literary works from libraries across Europe. It's one of the more extraordinary cultural-crime prosecutions of the decade.

The detail: Prosecutors allege the defendants targeted first editions of works by Pushkin, Gogol, and other Russian masters held in European library collections, removing them volume by volume over an extended period. The disappearances were only noticed gradually, as librarians comparing inventories realized missing items had been swapped out for near-identical look-alikes on the shelves.

Why it matters: Rare-book theft is a quiet but rapidly growing corner of the global art-crime economy, where individual volumes can fetch six- and seven-figure prices on opaque private markets. The targeting of Russian literary heritage, at a moment of acute geopolitical tension over Russia, raises the question of whether the operation was purely commercial or had a cultural dimension prosecutors have yet to spell out.

What to watch: Verdicts will determine whether courts treat coordinated cross-border library theft as organized crime, which would unlock tougher sentences and broader cooperation among European police agencies. Several libraries are also pressing civil claims to recover volumes that may have already moved through private collectors.

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—The Five Minute Daily Team