Swiss Foreign Ministry Says U.S.-Iran Talks in Bürgenstock Will Not Take Place

-Iran talks scheduled for Bürgenstock would not take place. Vice President JD Vance said he would not travel to the meeting, ending plans for the next phase of negotiations on a final peace agreement. During a White House news conference on Thursday, Vance stated that the United States is not paying the Islamic Republic.

"The United States isn't giving up a cent of money to Iran," he said. President Donald Trump told Axios that the interim peace deal amounted to "unconditional surrender" by Tehran. Asked what he had learned from the conflict about the limits of his power, Trump said: "I haven't learned that lesson yet.

Crude oil prices have steadied after steep declines. Shipping traffic through the Strait of Hormuz is beginning to recover. OPEC Secretary General Haitham al-Ghais told CNBC that oil demand will not peak in the foreseeable future.

He said sometimes it is best not to make assumptions that are not based on facts and figures, adding that OPEC focuses on fundamentals and actual numbers rather than forecasts filled with ifs and buts. U.S. dollar.

Japanese Finance Minister Satsuki Katayama said at a recent G7 meeting that Japan was "prepared to take decisive action on speculative moves" in foreign exchange markets. British politician Andy Burnham won a by-election that paves the way for a formal leadership challenge to Prime Minister Keir Starmer.

Burnham has previously called for tighter regulation of AI and Big Tech, stating that such industries cannot simply be left to the market.