US, Iran Said to Be Exploring Phased Deal to Open Hormuz

US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions. Bonds steadied after a selloff that drove global yields to the highest in decades as oil’s rally lost steam, helping to keep US stocks on track for a weekly gain. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

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