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Russia and Ukraine exchanged another wave of deadly long-range attacks over the weekend, with at least 14 people killed on both sides.

Iran, has reportedly delayed progress on a US-Iran peace agreement, with Tehran-linked reports indicating that the situation in Lebanon and the need for a stable ceasefire remain key concerns. The development comes as regional tensions continue despite diplomatic efforts to end the wider conflict.

At G7 meeting, the leaders are expected to discuss efforts to ensure stability in the region and prevent any resurgence of tensions that could disrupt global trade and energy supplies.

Israeli officials, however, have indicated that the agreement does not address their security concerns regarding Hezbollah.

After the announcement, the US West Texas Intermediate slid more than 4.6 per cent.

The Iranian side urged caution, emphasizing that discussions are still underway and that no final decision has yet been announced.

In a post on Truth Social, Trump expressed optimism over the possibility of de-escalation but cautioned that the process could be disrupted by "ignorance or stupidity,” warning that such factors may derail the overall peace deal.

President Zelenskyy proposed that the two leaders should meet to agree an end to more than four years of conflict, warning that Kyiv stood ready to fight on otherwise.