"Diplomacy and back channel talks and contacts between Iran and US to work out a draft agreement continues to be in the works -- Diplomacy is not dead", Journalist Mallick posts

The continuation of diplomatic talks between Iran and the U.S.

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Senior Advisor to Iran’s Supreme Leader warns Arab states against cooperating with Israel, Press TV reports

UK Manchester Mayor Burnham said to have identified a specific MP who is on board with a plan to stand down and let him run, POLITICO reports, citing sources

"Diplomacy and back channel talks and contacts between Iran and US to work out a draft agreement continues to be in the works -- Diplomacy is not dead", Journalist Mallick posts

South Korean Market Watchdog says it is closely monitoring retail investors’ leveraged stock investments and will take pre-emptive measures if needed, to ensure market stability

UK Labour Backbencher Catherine West told POLITICO she wants to “give a deadline” of Tuesday morning for the required 81 MPs to back her and force a leadership contest.

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Context

suggests a potential thaw in relations, which could have significant implications for global oil supply dynamics. If these discussions lead to a formal agreement, it may alleviate sanctions and allow for increased oil exports from Iran, impacting WTI prices and overall energy market sentiment. Watch for reactions in the energy sector and consider the potential spillover into related asset classes.

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