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U.S. and Iran Report Progress in Switzerland Talks
U.S. and Iranian negotiators said they made progress toward a final deal within 60 days, including a de-confliction mechanism for Lebanon and a communications line for Hormuz shipping. Oil prices fell and equities rose on the news.
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U.S. and Iranian negotiators said they reached agreements on a de-confliction cell for Lebanon and a communications line to keep the Strait of Hormuz open after weekend talks in Switzerland. Both sides described the outcome as progress toward a final deal within 60 days, though earlier reports noted the Iranian delegation briefly left the site after statements by President Trump.
Oil prices declined after the statements.
WTI crude fell $0.58 to $75.27 and Brent dropped 1.6 percent. Asian equity indexes rose to records, led by technology shares, while European markets gained about 0.3 percent.
Starmer announced his resignation outside 10 Downing Street and set a timetable for a new Labour leader by September 1. The pound briefly touched a 2026 low before recovering, and gilts rallied on expectations of an orderly transition.
AbbVie agreed to acquire Apogee Therapeutics for $10.9 billion.
CRH signed a deal to buy Arcosa for $150 per share in cash. Getty Images shares jumped after the company announced a display partnership with OpenAI. SpaceX began marketing a high-grade bond offering expected to raise at least $25 billion. " — Tasnim, citing Iranian sources.
" — Stephan Kemper, chief investment strategist at BNP Paribas Wealth Management.
