Daily brief
Iranian President Pezeshkian acknowledged the severe consequences of the US blockade, while UK inflation dropped sharply partly due to relief from the Iran energy shock. Oil prices eased after Trump said the US would end the Iran war quickly, though supply risks remain. Bond yields and oil fell amid hopes for an Iran deal, while stocks ended up with chip shares.
UK housebuilders suffered an £8bn hit from the Iran war.
Reliance helped Indian shares, but Iran war caution persisted.
Tankers exited the Strait of Hormuz as Trump talked up prospects for an Iran deal.
Qatar Airways works to rebuild its global network after the Iran war hit profit.