Trump Delays Iran Strike Amidst Diplomatic Efforts

In a significant development, President Trump announced that he has postponed a planned strike on Iran, following appeals from Middle Eastern leaders who believe they are close to reaching a diplomatic resolution. This decision comes amidst ongoing negotiations between Iran and its allies, with the US pushing for a comprehensive deal addressing various issues, while Iran advocates for a sequential approach. The temporary reprieve has led to a slide in oil prices and a risk-off sentiment in global markets, with stocks and bonds mixed. Meanwhile, the UK and EU are set to release jobs data and engage in trade deal discussions respectively, adding to the day's economic calendar.