With signs of potential US‑Iran diplomatic progress and Saudi Arabia restarting its east–west oil pipeline, oil prices have fallen, easing upward pressure on bond yields and likely supporting a firmer European bond market open. JEFFERIES economist Mohit Kumar said: "Geopolitics remains the market focus. There is growing optimism that the US and Iran may be moving toward some form of agreement."

2026-09-23

With signs of potential US‑Iran diplomatic progress and Saudi Arabia restarting its east–west oil pipeline, oil prices have fallen, easing upward pressure on bond yields and likely supporting a firmer European bond market open. JEFFERIES economist Mohit Kumar said: "Geopolitics remains the market focus. There is growing optimism that the US and Iran may be moving toward some form of agreement."