Oil Slides as Iran-U.S. Talks Ebb Tensions; Europe Endures Wildfires
Diplomacy between the U.S. and Iran appears to ease tensions, pushing crude prices down around 5% and lifting global stocks, while Ukraine claims strikes on Iranian vessels in the Caspian. Wildfires rage across France and Spain, triggering mass evacuations and vast damage. Chinese memory chipmaker CXMT surges about 500% on its Shanghai STAR Market debut, and futures point higher across the U.S. and Europe as markets digest the mixed news.