- Oil prices fell about 2% (Brent around $79) after U.S.-Iran talks in Switzerland, as Iran said it secured waivers that eased immediate supply worries.
- Iran briefly closed the Strait of Hormuz, sharply cutting ship traffic, though millions of barrels have since moved and Gulf producers offered extra cargoes.
- Officials set up a high‑level committee and extended a 60‑day ceasefire, but recent deadly strikes in Lebanon mean the situation — and markets — could stay volatile.
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