Daily brief
Oil prices slipped as markets weighed the extension of the US-Iran ceasefire and ongoing talks, with traders placing $430 million in bets minutes before the extension was announced. Iran demanded the reopening of the Strait of Hormuz, while Trump said the country is financially collapsing and called for the strait's reopening. The US extended an Iran oil waiver, and Treasury Secretary Bessent said Gulf and Asian allies have requested swap lines, with the UAE and US potentially benefiting from one.
A proposed Dubai airport express line would connect DXB and DWC with five new metro stations.
Brazil's trade surplus surged to a record $14.2 billion amid high oil prices.
Deutsche Telekom and T-Mobile are considering a merger, while Telegram faces a UK probe.