President Donald Trump speaks to reporters at a news conference at the G7 Summit in Evian-les-Bains, France, on Wednesday, June 17, 2026. (Haiyun Jiang/The New York Times) By STEVEN ERLANGER Europeans and the larger world greeted the memorandum of understanding between Iran and the United States with relief, if only because it seemed to halt a war that had badly damaged global trade, increased inflation and reduced already paltry economic growth. But the memo produced little more than an…
