ZELENSKIY said the most important thing is to maintain the diplomatic process.

Iran’s Supreme National Security Council secretary said Tehran has every reason not to trust the United States, will continue diplomacy and negotiations but reserves the right to remain skeptical. He accused Washington of falsely branding Iran untrustworthy and denied Iran has attacked other states, challenged political borders, or failed to meet its international commitments.

Analysts say ahead of the UK chancellor's speech today that restoring most of the country's fiscal buffer is necessary to reassure bond investors. UK fiscal headroom has shrunk by roughly half from the £23.6 bln left by the previous chancellor after a global selloff in UK bonds; returning to that level would likely require tax increases and spending cuts. Economists warn the measures would be politically unwelcome for the new government but are seen as necessary to re-establish fiscal credibility; failure to present a credible fiscal strategy amid current market stress could be very costly.