Oil falls on US-Iran progress; pound holds up as Starmer resigns (opens original article in a new tab)

Oil prices declined amid positive developments in US-Iran negotiations, while the UK's Prime Minister resigned, causing market uncertainty. The pound remained stable, and global stock markets showed mixed results.

• Oil prices fell on optimism over US-Iran talks and potential easing of tensions in the Strait of Hormuz
• UK Prime Minister Keir Starmer resigned, leading to speculation about changes in finance minister and fiscal policy
• Major stock markets showed mixed performance with some indices rising and others falling