Watch and follow on Spotify. Listen on the Reuters app.
Weekend hopes for a U.S.-Iran breakthrough fade after fresh American strikes on southern Iran, though markets are treating the move as a possible push toward agreement rather than escalation. Oil is up around 2% Tuesday, reversing only part of Monday’s losses. Plus, fresh U.S. consumer confidence data is out today – with high fuel prices expected to have hit hard.
Today’s recommended read: China’s weak steel output, strong iron ore imports show structural shift, Clyde Russell
Subscribe to Mike Dolan’s Morning Bid newsletter, and check out his columns on Reuters Open Interest
Read more from Amanda Cooper and Anna Szymanski
Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi
Sound engineering and music by Sebastian and Josh Sommer
Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Read more What’s involved in talks to end the Iran war?
Read more ECB should raise rates in June, even if Iran peace deal is struck, Schnabel says
Read more A year after glacier collapse, Blatten residents rebuild lives in Swiss Alps
