Tasnim news agency cites the Iraqi Kurdistan interior minister saying the Washington-led international coalition has begun a formal withdrawal from the Kurdistan region and is expected to complete the pullout by the end of September.

UK two-year government bond yield rose to 4.727%, the highest since November 2023, up 1bp on the day.

Refinitiv sources said several European governments plan to urge the EU to use a rare trade-defense tool to protect its chemicals and plastics sector. France, Italy and possibly Germany intend to submit requests within weeks for broad import quotas under safeguard measures, the sources said. Requests will focus on polymer resin PET, epoxy resins and fiberglass. The push reflects a firmer EU trade stance as its industrial base, including a crisis-hit chemicals sector, faces import pressure and portions of the US market have been curtailed by Trump administration tariffs. The EU currently enforces more than 150 trade measures, mainly narrow anti-dumping or anti-subsidy duties; only one safeguard regime covers ferroalloys and steel imports are managed under a separate restriction framework.