Caroline Hepker

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

US Vice President J.D.

Vance says discussions are in their early stages.

J.D.

Vance was speaking in Switzerland where the talks are taking place and included the Iranian Foreign Minister Abbas Arragchi.

Bloomberg understands that a positive outcome in the negotiations ultimately hinges on Israel's support and a resolution to the fighting in Lebanon.

France is putting strict measures in place as the country faces a red alert for heat.

It comes as many places across Europe brace for record-breaking temperatures.

Bloomberg's Tiba Adebayo has more.

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

I'm Caroline Hepker.

And I'm Caroline Hepke.

Well, the pound is trading near this year's low on expectations of political uncertainty.

Sterling is hovering around the $1.32 mark, near a March low of 1.315.

Garfield Reynolds leads our Markets Live team in Asia.

He says that may change as the day goes on.

Reynolds there noting the key question for investors is what the impact on the country's finances will be if Burnham becomes Prime Minister.

The new MP who heads to Parliament today to take office has so far offered little clarity on the potential policies he'd pursue.

Millions of barrels of oil continue to flow through the Strait of Hormuz even after Iran claimed to have closed the waterway.

Five oil supertankers were seen entering or travelling inside the strait over the weekend before going dark.