US, Iran Said to Be Exploring Phased Deal to Open Hormuz
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…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
