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The first US-Iran talks under last week's interim deal ended Sunday with a 60-day road map to a final agreement. Qatar and Pakistan called the session constructive. Three months of war bought a calendar invite. AP
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Trump threatened fresh strikes on Iran from Camp David, hours into the talks. Tehran called the message insulting and briefly recessed. Vance was in the room. The President was on the phone. Reuters
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Iran's Revolutionary Guard said Saturday it had closed the Strait of Hormuz again. CENTCOM said traffic kept flowing. About a fifth of the world's oil rides on whose version is right. CENTCOM
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WTI sits near $77 after falling about 17% over the past month. The war premium has mostly drained out. Peace talk by talk, the barrel gives it back. BBG
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Gold fell to about $4,150 Friday, a third straight weekly decline. A stronger dollar and a hawkish Fed pulled it lower. War cooling, rates firm. The safe haven lost its reasons. Reuters
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The interim deal lets Iran sell oil freely and unfreeze billions in assets once terms hold. The IEA says Gulf flows are already recovering. More barrels are coming if the paper survives. Reuters
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Republican hard-liners are comparing Trump's Iran deal to the Obama-era nuclear pact they spent years attacking. Vance is steering the talks while weighing a 2028 run. The deal's loudest critics share his party. AP
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Israeli strikes in Lebanon killed at least 20 people Saturday, hours after a Hezbollah ceasefire took effect. Both sides accuse the other of breaking it. The truce and the strikes arrived the same day. AP
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Markets are now fully pricing a Fed rate hike by October after Kevin Warsh's first meeting as chair. Nine of 19 officials see at least one hike this year. The dot plot points up for the first time in years. CNBC
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May PCE, the Fed's preferred inflation gauge, lands Friday. The Fed raised its inflation forecasts sharply at last week's meeting. Warsh told everyone the number would matter. Now it does. CNBC
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