Good morning. President Donald Trump has confirmed the U.S. and Iran have made an initial deal to end the war. More on that below, along with Canada planting trade seeds, World Cup stories and your summer reading list. Let’s get to it.

The latest: Pakistan says the United States and Iran have reached an initial agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since the war began. Trump confirmed a deal had been reached with Iran and said he had authorized an end to the U.S. naval blockade of Iranian ports in the Strait.

What’s next: The signing will take place on Friday in Switzerland, but the full details are not yet available. Negotiations on Iran’s nuclear program would continue over the next 60 days.

Meanwhile: Also on Sunday, a specially built arena on the White House’s South Lawn hosted mixed martial arts fights for Trump’s 80th birthday. The event, titled “UFC Freedom 250,” was a reference to the 250th anniversary of the nation’s founding next month.

The latest: Industry Minister Mélanie Joly says she’s meeting with four Chinese companies that are considering whether to build electric vehicles in Canada as she visits Shanghai and Beijing this week, according to an exclusive story from senior Ottawa reporter Steven Chase. The visit marks Ottawa’s latest effort to attract investment to Canada’s auto sector.

Context: The Carney government continues efforts to save the Canadian auto industry as it faces an uncertain future because of protectionist policies from the U.S. But Joly says there are conditions: Any Chinese investment must be a joint venture that is majority Canadian-owned and adheres to Canadian labour standards. The vehicles must use Canadian parts, and their software must be secure and safeguard users’ data.

What’s next: Joly is due to arrive in China today for a four-day visit that begins in Shanghai. She will visit BYD’s manufacturing base in Changzhou, west of Shanghai, and meet with three other automakers: Chery, Geely and Shanghai Launch Automotive Technology.

Also today: Prime Minister Mark Carney says he does not expect to be talking with U.S President Donald Trump about trade issues between Canada and America during the G7 summit in France, which starts today. Geopolitics will be on the agenda, however. Both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky spoke by phone with Trump ahead of the summit.

The latest: Summer is usually publishing’s quietest season. But it’s also the season most of us can enjoy long stretches of uninterrupted reading. Whether you’re in the mood for a historical sweep, family drama or something uncanny, we have ideas for you. From buzzy fiction to memoirs and everything in between, here are 36 hot new reads.

What’s next: Speaking of free time, if you are interested in unique, awkward and human entertainment, we have some boredom busters to offer. However much time you’ve got, here are three pop culture escapes you can click on.

The latest: JPMorgan Chase & Co. is expanding its US$1.5-trillion initiative to shore up economic security and resilience into Canada, aiming to boost key sectors such as energy, defence and critical minerals with billions of dollars in new financing and support.

What’s next: The bank expects to deploy billions of dollars to Canada over the coming years, increasing its activity in the country in step with Ottawa’s push to attract more investment and build major projects to upgrade national infrastructure.

This week: Financial markets universally expect the U.S. Federal Reserve to keep the target range for the federal funds rate steady at 3.5 per cent to 3.75 per cent on Wednesday. But new Chair Kevin Warsh is