Caroline Hepker

In response to Trump's post, the UK Foreign Office said the agreement we have reached is the only way to guarantee the long-term future of this vital military base.

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

I'm Caroline Hepker.

News when you want it with Bloomberg News Now.

I'm Caroline Hepker.

Both the United States and Iran say that talks on a nuclear deal are making progress, suggesting that the chances of an imminent military clash are low.

A U.S.

official has told Bloomberg that Tehran's diplomats are due to return to Geneva in two weeks with a new proposal.

Iran's foreign minister, Abbas Araghchi, says the path to a deal has started.

the Iranian foreign minister speaking in Geneva.

A deal could mean the US lifting tough sanctions on Iran's oil industry and wider economy, but the next steps are expected to get more difficult with each side needing to draft a text for a deal.

US Vice President J.D.

Vance told Fox News that force was still an option.

Vance and other US officials have talked up the prospect of strikes on Iran as the US has moved weapons and troops to the region.

Oil prices fell on the signs of progress, but Brent crude is up almost 12% this year, largely because of the US-Iranian tensions, the possibility of war in the oil-rich region.

The ECB says Christine Lagarde hasn't made a decision about leaving her job as president early.

That follows a report from the Financial Times, citing one person familiar with Lagarde's thinking, saying that she wants to step down before France's presidential election in April 2027.

The statement, though, from the ECB says that the central bank chief is, quote, totally focused on her mission.

There had been speculation that Lagarde may want to exit before the end of her eight year term in October 2027.

Here's what Lagarde told Bloomberg TV in November.