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Dollar edges up after US-Iran talks, pound choppy on Starmer exit

The US dollar climbed Monday following the first round of peace talks with Iran. British Prime Minister Keir Starmer announced his resignation, leading to choppy trading for the pound. Oil prices fell as the US waived sanctions on Iran for 60 days.

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What changed

US-Iran peace talks have begun and Keir Starmer has resigned as UK Prime Minister.

Live updates

  1. Dollar rises as US-Iran talks progress and UK PM Starmer resigns

    The US dollar climbed Monday following the first round of peace talks with Iran. British Prime Minister Keir Starmer announced his resignation, leading to choppy trading for the pound. Oil prices fell as the US waived sanctions on Iran for 60 days.

    What's confirmed:

    • The US dollar climbed on Monday after the initial round of US-Iran talks.
    • British Prime Minister Keir Starmer announced his resignation.
    • The US waived sanctions on Iran for 60 days starting Monday.
    • The dollar index rose 0.16% to 101.
    • U.S. crude oil prices dropped 1.84% to $75.19 a barrel.
    • Brent crude fell 3.29% to $77.93 per barrel.
    • The euro decreased 0.36% to $1.1427.

    Still unconfirmed:

    • Andy Burnham may possibly succeed Starmer.
    • Officials reported calm in Lebanon after fighting that had prompted Iran to close the Strait of Hormuz.
    • The US and Iran agreed to a 60-day roadmap towards a peace deal.
    confidence 95%