Caroline Hepker

Keir Starmer says that he is resigning as the UK Prime Minister.

Speaking on the steps of No.

10 Downing Street, Starmer said the Labour Party will look for a replacement.

Keir Starmer announcing his resignation.

Quitting power is a remarkable turnaround from the landslide election victory that he secured in 2024.

Investors are wondering which direction the British government will take next, including who might succeed Chancellor Rachel Reeves.

Ten-year guilt yields are little changed.

The pound remaining weaker three-tenths of one percent against the US dollar after Starmer announced his resignation.

Qatar says that an incident during the start-up of its Ras Al-Fan industrial complex caused a blast that has injured dozens of people.

The country says that 54 people were injured in the explosion and 18 are missing.

The disaster underlines the risks to Middle East energy facilities as they ramp up production after the US-Iran ceasefire.

Restarting operations at gas facilities is a complex process that requires carefully balancing pressure to avoid damage and leaks.

That's news when you want it with Bloomberg News Now.

I'm Caroline Hepke.

And I'm Caroline Hepker.

Now let's get to the Middle East.

The US and Iran have made encouraging progress in talks on a peace deal, according to a joint statement from mediators Qatar and Pakistan.

Technical level discussions are set to continue this week, even as President Trump again threatens strikes against Iran if Hezbollah keeps attacking Israel.

US Vice President J.D.

Vance says discussions are in their early stages.