Monica Ricks

News when you want it with Bloomberg News Now.

I'm Monica Ricks.

Still no deal between the U.S.

and Iran, but Secretary of State Marco Rubio cautioned reporters in India today not to read too much into it.

Either way, Rubio says it'll take time.

Negotiators are still working through precise language on key issues, including Tehran's demand that its assets be unfrozen.

Final approval could still take days.

Meantime, Abu Dhabi National Oil Company has been quietly ferrying oil and gas shipments out of the Persian Gulf using its own fleet, clearing both the Iranian Navy and U.S.

warships to reach energy-starved customers.

It's leaning on practices including dark transits, which is when vessels cross the Strait of Hormuz, by turning off their transponders to avoid detection.

Another supertanker hauling two million barrels of Iraqi crude also made it out of Hormuz yesterday.

That one's bound for China.

Global stocks approach record highs and oil keeps falling on hopes that this deal could get done soon.

Brent crude's down near 5% right now at $98 a barrel.

U.S.

markets are closed for Memorial Day today, but stocks are still trading overseas.

The FTSE in London is up 0.2%.

The CAC in Paris is up 1.6%.

The DAX in Germany is up 1.4%.

The Nikkei in Japan led a rally in Asia today, closing above 65,000 for the first time.