Iran denies it is in negotiations with Washington as President Trump announces he has postponed airstrikes on critical power plants and energy facilities in the country for five days and claims a peace deal could be close. Oil prices rebound following an initial drop in the price of Brent to below $100 for the first time in almost a fortnight on the back of Trump’s comments. US and European futures point south, giving back some of Monday’s gains. Apollo Global caps withdrawals from a $25bn private credit fund after investors sought more than 11 per cent of the total following its first monthly loss in more than three years.

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