Geopolitical & Trade Policy - The President of the United States stated he does not require a formal written agreement with Iran regarding its nuclear program [1][2] - The US is considering trade-related repercussions for Spain due to its failure to meet NATO defense spending commitments, though direct action against Spain is limited by EU trade negotiations [5][6] - Trade negotiations with various countries, including India, South Korea, Japan, and the EU, are facing delays [7] - The administration cites various factors, such as negotiations with Congress and Middle East events, as reasons for the delay in trade deals [8][9] - The Treasury Secretary suggests the possibility of postponing the July 9th tariff deadline if negotiations are ongoing, indicating a potential extension for some trading partners [11] Federal Reserve - The President has begun interviewing candidates to potentially replace the Federal Reserve Chair, Jerome Powell, with a decision expected from a pool of three or four candidates [3][4]