Lindsey Graham wins, inflation looms

The G7 summit has wrapped and Trump signed the Iran MOU at the Palace of Versailles — yes, that Versailles. Politico’s Myah Ward was on the ground at the G7 all week and shares how much Iran and the U.S. dominated conversation at the summit. Plus, not all Republicans are  happy with the MOU and some are pointing blame at JD Vance for a bad deal. And across the Atlantic, Britain may get its seventh prime minister in a decade.

President Donald Trump is expected to speak later this morning, likely touting the Iran agreement. This comes after Bloomberg published an unconfirmed draft of the memorandum that raises some serious questions. Later today, Fed Chair Kevin Warsh will preside over his first Open Market Committee meeting, where news will likely paint a less than peachy vision of high inflation rates. Speaking of peaches, Georgia’s runoff results mean a Rep. Mike Collins v. Sen. Jon Ossoff showdown come November. And finally, Jay Clayton heads to a confirmation hearing before the Senate Intelligence Committee, less than a week after lawmakers formally received his nomination to serve as director of national intelligence. Follow POLITICO here:     ➤ X: https://x.com/politico/  ➤ Instagram:  / politico       ➤ Facebook:  / politico    For more news and analysis, subscribe to the Playbook newsletter: politico.com/playbook

In Georgia’s Republican primary runoff, will Trump’s endorsement of Rep. Mike Collins secure his GOP nomination in a high-stakes bid to unseat Sen. Jon Ossoff? Meanwhile, Gov. Gavin Newsom is accusing Trump of weaponizing the DOJ to investigate him and his wife. Plus, ten years after Hillbilly Elegy launched his public rise, Vice President JD Vance is back with a new book, Communion: Finding My Way Back to Faith. Follow POLITICO here:     ➤ X: https://x.com/politico/  ➤ Instagram:  / politico       ➤ Facebook:  / politico    For more news and analysis, subscribe to the Playbook newsletter: politico.com/playbook

President Donald Trump heads to the G7 Summit in France today after reaching a peace agreement with Iran last night. But what is in the deal, and is it worth the paper it's written on? Amid these geopolitical developments, a media spectacle on the South Lawn as Trump celebrated his 80th birthday with the White House’s first ever UFC match.  Follow POLITICO here:     ➤ X: https://x.com/politico/  ➤ Instagram:  / politico       ➤ Facebook:  / politico    For more news and analysis, subscribe to the Playbook newsletter: politico.com/playbook

At POLITICO’s Energy Summit, Dasha presses EPA administrator Lee Zeldin on rising gas prices, the war in Iran, Trump’s energy dominance agenda, coal, AI data centers, and whether the EPA has a responsibility to address climate change. Zeldin defends his approach, arguing that the EPA can protect the environment while growing the economy and rejects the idea that his agency should lead the fight against climate change – unless Congress tells him to. Have thoughts for the show? Text or leave us a voicemail at 202-643-1536.

TACOs are back. President Trump announced yesterday that he will nominate Jay Clayton, the U.S. attorney in Manhattan, to be the next director of national intelligence. This comes after pushback on the Hill to acting director Bill Pulte, a top Trump housing official. Meanwhile, just hours after declaring strikes on Iran for a third night in a row, Trump canceled the attacks, citing a breakthrough in negotiations. Is a deal within reach, or is this just another twist in a long-running standoff? Plus, the G7 Summit kicks off on Monday – and U.S. and European leaders alike are setting a low bar for success.  Follow POLITICO here:     ➤ X: https://x.com/politico/  ➤ Instagram:  / politico       ➤ Facebook:  / politico    For more news and analysis, subscribe to the Playbook newsletter: politico.com/playbook

Tumult stirs in the White House as an increasingly frustrated President Trump tightens his inner circle. Abroad, another night of U.S. strikes on Iran is testing whether Trump's long-promised path to a peace deal remains viable. Plus, beneath the surface of the FIFA World Cup inaugural games, tensions grow between Trump, Mexican President Claudia Sheinbaum, and Canadian Prime Minister Mark Carney.  Follow POLITICO here:     ➤ X: https://x.com/politico/  ➤ Instagram:  / politico       ➤ Facebook:  / politico    For more news and analysis, subscribe to the Playbook newsletter: politico.com/playbook

Voters in Maine have decided: controversy-plagued Democrat Graham Platner will face Sen. Susan Collins in the fall. Meanwhile in South Carolina, Sen. Lindsey Graham defeated MAGA challenger Mark Lynch, avoiding a runoff election. And with a key inflation report due later this morning, Morning Money newsletter author Sam Sutton joins the Playbook Podcast to preview the latest Consumer Price Index (CPI) numbers and what they could mean for voters.  Follow POLITICO here:     ➤ X: https://x.com/politico/  ➤ Instagram:  / politico       ➤ Facebook:  / politico    For more news and analysis, subscribe to the Playbook newsletter: politico.com/playbook

Voters head to the polls in Maine's primary, where Democrats are watching to see whether controversies surrounding Graham Platner will derail his political future. In South Carolina’s Republican gubernatorial race, it’s another test of Trump’s influence in a crowded field. Will Trump-endorsed Lt. Governor Pamela Evette cross the finish line? Plus, First Lady Melania Trump welcomes student finalists to the White House for the Presidential AI Challenge.

Sunday marked 100 days of the Iran war with no deal reached. Iran launched a new wave of missiles at Israel overnight and then Israel struck back. Trump is pressing both sides toward negotiations. Plus, the Senate's FISA renewal is at risk after Trump appointed Bill Pulte as acting director of national intelligence — the act expires Friday. And Maine's primary is Tuesday, with Democrat senate candidate Graham Platner facing controversy heading into the vote.