Iran and US agree to halt attacks and renew talks, U.S. official says

June 29, 2026 10:10 AM

Iran and US agree to halt attacks and renew talks, U.S. official says

Iran and the United States agreed to halt recent hostilities in the Gulf and renew talks regarding their dispute over the Strait of Hormuz, a U.S. official said on Sunday, raising hopes of saving an interim peace deal that was under pressure from days of tit-for-tat strikes. “Technical talks are slated to continue on all areas of the MOU. Both sides will stand down for now and vessels can move freely," the official said, referring to the 14-point memorandum of understanding that was agreed on...

Asia stocks adrift as Middle East worries meet rate-hike bets

June 29, 2026 10:02 AM

Asia stocks adrift as Middle East worries meet rate-hike bets

Asian stocks wobbled on Monday after Iran and the United States agreed to halt renewed hostilities that had cast a shadow over an interim peace deal and kept oil prices supported, while the dollar stood tall near a one-year high on rate-hike bets. A return to diplomacy in the Middle East would follow several days of tit-for-tat strikes since an Iranian projectile hit a cargo vessel in the Strait of Hormuz last week, with both sides accusing each other of breaking an interim ceasefire. Futures ...