New York silver futures touched $65/oz, up 1.56% on the day.

US and Iranian negotiators are discussing a phased deal in New York that would include Iran reopening shipping through the Strait of Hormuz and the US easing its economic blockade, according to sources. A first phase could restore transit while the US relaxes sanctions and Iran secures partial unfreezing of assets, but both sides are reluctant to yield existing leverage, a principal obstacle. Iran has signalled it prioritises relief from the blockade over insisting on transit fees; regional sources say any fee demand may be placed in a side letter rather than the main agreement, though Tehran would not cede claims over Strait management. Former US Iran negotiator Dennis Ross says a deal before November midterms is unlikely but both sides have incentives to press talks because reopening Hormuz would cool Gulf tensions and reduce oil-price upside. Gulf states are pushing for restored shipping freedom and a diplomatic path to avoid the waterway becoming a persistent bargaining chip.

ICE數據顯示，荷蘭近月批發天然氣價格下跌5.07%，至每兆瓦時71.30歐元。