The Globe and Mail reports in its Tuesday, June 16, edition that Canada is ready to assist in restoring shipping in the Strait of Hormuz following talks between Iran and the United States, Prime Minister Mark Carney said before the G7 summit. A Canadian Press dispatch to The Globe reports that this comes after President Donald Trump announced an agreement to end the war in Iran and authorized lifting the blockade, although the strait won't open until Friday when the deal is officially signed. Mr. Carney said he would explore how Canada and other nations can support the reported deal at the G7. He said the situation in the Middle East "underscores" the need to make commodity systems more resilient to the shocks a conflict can create. He said that conversation will take place at the G7 as well. Ahead of the first working dinner Monday evening, Mr. Carney met with President of the European Council Antonio Costa and President of the European Commission Ursula von der Leyen. Mr. Carney announced that Montreal-based Marconi Technologies had become the first Canadian company to land a contract under the SAFE defence procurement agreement Canada signed with the European Union.