European Union — European Central Bank & Marco Rubio

European Union — European Central Bank: The European Union — European Central Bank (ECB) welcomed the US-Iran ceasefire, with President Christine Lagarde noting its potential to reopen the Strait of Hormuz. However, policymaker Joachim Nagel cautioned that it would not bring immediate relief to high euro zone inflation, influencing market expectations for future rate hikes.

Marco Rubio: Marco Rubio, US Secretary of State, outlined the core requirements for a baseline deal, including Iran reopening the Strait of Hormuz and committing to specific negotiations on highly enriched uranium disposition.

European Union — European Central Bank: The European Union — European Central Bank raised interest rates due to war-driven inflation, highlighting the broader economic impact of the conflict.

Marco Rubio: Marco Rubio, US Secretary of State, dismissed the idea of Iran charging fees for crossing the Strait of Hormuz, stating the US wants a deal but 'not at any price'.