Peace talks between the U.S. and Iran conclude in Switzerland for the time being with an agreement to reach a final deal within 60 days. The talks had been hampered by President Trump’s renewed threats to strike Iran and Tehran’s resealing of the Strait of Hormuz. Crude prices tumble following Iran’s announcement it would be resuming oil and petrochemical exports. Asian equities bounce on the news, led by Japan’s Nikkei index. Under-pressure UK Prime Minister Keir Starmer could announce his resignation as early as today with increasing numbers of Labour MPs calling for him to quit.

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