Erika Herskowitz

He struggled with dizziness in the Paris Heat and lost in the fifth set to 56th-ranked Juan Manuel Sarandolo.

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

I'm Erica Herskowitz and this is Bloomberg.

News when you want it with Bloomberg News Now, I'm Erika Herskowitz.

Markets are reacting to the latest headlines out of the Middle East.

The U.S.

and Iran have reached an agreement on a 60-day memorandum of understanding to extend their ceasefire and kick off negotiations on Iran's nuclear program.

Bloomberg's Tyler Kendall with the details.

Tyler Kendall speaking with Bloomberg TV.

The Axios report says President Trump has yet to give the deal his final sign-off, but this comes after both sides accused each other of breaking the truce overnight.

Golnar Montevalli is head of Bloomberg's Iran coverage.

Bloomberg's Gulnar Montevalli reports Iran's Revolutionary Guard Corps is claiming it's in, quote, smart control of the Strait of Hormuz.

Treasury Secretary Scott Besson posted on X the U.S.

would not tolerate a tolling system in the Strait.

On Wall Street, stocks are heading toward all-time highs.

Amid speculation, the U.S.

and Iran are close to a diplomatic breakthrough in the war.

The Dow is little changed.

The Nasdaq is up three-quarters of a percent, the S&P up a half percent.

The 10-year Treasury yield is at 4.44 percent.