A closer look at “Oil Slips as US and Iran Explore Deal to Reopen Strait of Hormuz”, exactly as the source publishes it. Oil prices declined as US and Iranian negotiators explored a phased deal that would see Tehran reopen the Strait of Hormuz, a development that could ease supply concerns that have gripped energy markets. The potential agreement would also involve Washington lifting its blockade of Iranian ports. A global bond selloff that had driven yields to multi-decade highs stabilized in Asia, offering some respite to fixed-income investors.
The pause in the rout came as oil's retreat helped temper inflation expectations, which had been a key driver of the surge in yields. "Bloomberg Daybreak Europe" is the essential morning program for staying ahead, broadcasting live from Brussels to set the day's agenda. The show catches viewers up on overnight markets news from the US and Asia and delivers the insight European investors need before trading begins. This listing links straight to the original page, where the content is available in full.