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A memorandum of understanding and restored oil shipments through the Strait of Hormuz lowered prices and supported gains in U.S. stocks and bonds. The dollar rose against the yen, pressuring gold and bitcoin prices lower.
news.google.comOil shipments through the Strait of Hormuz resumed after a memorandum of understanding was signed, sending prices lower and easing pressure on financial markets. U.S. stocks and bonds recovered from the previous session's losses as traders shifted focus away from expectations of tighter monetary policy.
The dollar advanced on yen weakness, which in turn weighed on gold and bitcoin prices. Options expiration removed some market stabilizers ahead of the long weekend. A presidential statement posted on a social media platform noted the return of oil flows and market gains.
dnaindia.comKeir Starmer announced his resignation as UK prime minister. Andy Burnham, mayor of Greater Manchester, is the leading candidate to succeed him following a byelection victory.
Responsible StatecraftMediators announced a High Level Committee and technical talks schedule after Sunday sessions in Switzerland. The agreement also created a deconfliction line tied to Lebanon fighting.
The agreement also lifts the U.S. blockade, permits resumed Iranian oil exports, and provides $300 billion for reconstruction. It includes Lebanon and allows Iran to retain its enriched uranium stockpile.