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 everything you need to know as markets open across Europe. With analysis you won't find anywhere else, w