XTB analyst Kathleen Brooks said a US‑Iran peace agreement to end the Middle East conflict and reopen the Strait of Hormuz would pressure oil prices lower and ease inflation risks. The development arrives ahead of the Bank of England's rate decision; investors broadly expect the policy rate to remain at 3.75%. Markets will watch voting splits and BoE communication for signals on future moves. London Stock Exchange data shows markets have fully priced a 25bp hike in December.

The New York Times cites two Iranian officials saying Tehran waited until after local midnight to finalise a U.S.-Iran agreement to avoid the timing coinciding with President Trump’s birthday on the 14th (U.S. Eastern Time). The 7.5-hour time difference allowed each side to claim the agreement was completed on its preferred date; Trump had said the deal would be reached on Sunday, while Iran said it would be reached a day later.

Cybersecurity chiefs at major US firms including NVIDIA and Adobe have asked the Trump administration to lift restrictions on ANTHROPIC's most powerful AI model, saying the bans hinder efforts to prevent the spread of cyberattacks.