Macro Finance
US, Iran Said to Be Exploring Phased Deal to Open Hormuz
Bloomberg Markets·September 25, 2026·1 min read
US and Iranian negotiators are exploring a phased deal to reopen the Strait of Hormuz and lift Washington's blockade of Iranian ports, according to a person familiar with the discussions. Bonds steadied after a selloff that drove global yields to decade highs as oil's rally lost steam, keeping US stocks on track for a weekly gain.
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