US, Iran Said to Be Exploring Phased Deal to Open Hormuz
U.S. and Iranian negotiators are discussing a phased deal to reopen the Strait of Hormuz in exchange for the lifting of port blockades. The news follows a period of global market volatility and rising yields.
US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions. Bonds steadied after a selloff that drove global yields to the highest in decades as oil’s rally lost steam, helping to keep US stocks on track for a weekly gain. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we…
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