Honda lost money for the first time in nearly 70 years. Over $9 billion in EV restructuring charges drove the loss. The company has also abandoned its long-term electric vehicle sales target.

Trump says Xi Jinping told him China will not supply military equipment to Iran and backed a potential deal. Xi offered to mediate and agreed the Strait of Hormuz must stay open, according to a White House readout.

John Bolton: Trump believes that Ukraine worked against him in the 2016 campaign, and that Hillary Clinton’s computer server is somewhere in Ukraine and he wants it. He’s serious. He wants that server

John Bolton: Trump calls Xi “King.” He said at the Osaka G20 meeting when they were having a bilateral, “You're the greatest leader of China since Mao Zedong,” which caught everybody a little bit by surprise. But then he said, “In fact, you're the greatest leader in Chinese history.” He thinks he's friends with Xi Jinping and with Vladimir Putin and I will guarantee you that's not how they see Trump. I think they both see him as an easy mark.

Secretary of State Rubio told NBC after the Trump–Xi summit that China expressed opposition to militarizing the Strait of Hormuz or imposing transit fees. Rubio said Trump raised the issue to convey the U.S. position, not to make demands, and reiterated that Iran cannot be allowed to obtain nuclear weapons.

General Dagvin Anderson, commander of U.S. Africa Command (AFRICOM), issues a stark warning about the growing threat posed by JNIM, the Al-Qaeda-linked jihadist group operating across the Sahel. “I almost didn’t come here because of what happened last weekend,” Anderson said, referring to a series of complex attacks across Mali, including strikes near Bamako’s international airport. What alarmed him most was JNIM’s unprecedented public declaration that it intended to attack and seize Bamako, Mali’s capital. “They told civilians in Bamako not to resist,” Anderson said. “That should give people chills, because that’s exactly what ISIS did before it captured Mosul.” Anderson warned that if a terrorist organization were to take control of a national capital, it would mark a major strategic shift. “It changes the threat. It gives them legitimacy, and it makes them far more attractive to extremists from around the world.” He noted that JNIM has repeatedly used siege tactics in Mali, cutting off roads and fuel supplies until local populations capitulate. “They have learned how to choke off key resources until people surrender, allowing them to take control without significant violence.” “For me, this is very concerning right now,” Anderson said. Video via GSW

Chinese President Xi: “I have always believed that our two countries have more shared interests than differences. The success of one is an opportunity for the other, and stable bilateral relations are good for the whole world. Both China and the United States can benefit from cooperation and lose from confrontation. We should be partners, not rivals. We should help each other succeed, prosper together, and find the right path for great powers to coexist in the new era."

The UK Maritime Trade Centre reports that Iranian Revolutionary Guard forces have seized a ship that was anchored outside the port of Hormuz. The vessel is now being moved toward Iran.

Trump to the President of China: You are a great leader; I tell everyone this Sometimes people don't like me saying this. I say it anyway, because it's true. I always tell the truth.

U.S. Secretary of State Marco Rubio: "The wealth in Cuba is controlled by a company owned by military generals who take all the money. This is a country where people are literally eating garbage from the streets, but this company is sitting on $16 billion. It’s a broken nonfunctional economy."