Caroline Hepker

So, we've got an analysis piece about that.

Thinking about bond markets, though, don't seem too spooked by yet another

Prime Minister in waiting in the wings, maybe three basis points lower for 10-year yields, 4.77%.

U.S.

yields down three basis points at 4.48%.

The pound, yes, is a tad weaker down a little bit against a slightly stronger dollar.

Oil prices down by 1.5%, $76.69 for Brent crude futures.

Those are the markets.

And I'm Caroline Hepker.

The plans around the change of leader leave Prime Minister Keir Starmer in office but not in power.

Despite winning a landslide election on a slogan promising change, the UK leader is set to depart Downing Street by September.

Bloomberg's James Walcock has more.

Now, the U.S.

is issuing a 60-day license allowing Iran to sell oil on the international market as talks about a peace deal continue.

The move gives Tehran an economic lifeline, with oil prices dropping on the signs of progress.

U.S.

President Donald Trump says negotiations are going well.

But the president's optimism is being challenged by continued fighting in Lebanon that threatens to derail talks.

Tehran indicated that it wouldn't relent on using leverage over Hormuz if Israel continues fighting in Lebanon.

Now, let's talk about the French and German governments, which have agreed to hold equal shares in the defence firm KNDS as it prepares to IPO.