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Oil Prices Fall Back As ‘Hopeful’ Tehran Responds To Trump

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Shares dipped, and oil prices dropped back on Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump.

 

Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian Foreign Minister Abbas Araghchi said “a new window of opportunity has opened”.

“We are hopeful that negotiation will lead to a sustainable and negotiated solution,” he said, though he said “Iran remains fully prepared to defend itself against any threat or act of aggression”.

Trump
US President Donald Trump [Photo: ANDREW CABALLERO-REYNOLDS / AFP]

 

West Texas Intermediate was down 0.2 percent at $62.75 per barrel after earlier jumping 1.5 percent, while international benchmark Brent North Sea Crude slipped 1.4 percent to $67.64.

“There’s speculation that Iran could agree to dilute its most highly enriched uranium in exchange for the full lifting of financial sanctions, but it’s not clear if that will be enough to seal a deal between the two parties,” said Aarin Chiekrie, analyst at Hargreaves Lansdown.

Wall Street was off in early trading with the tech-heavy Nasdaq giving up one percent and the Dow sliding around 0.3 percent, and the broader-based S&P 500 was off 0.2 percent.

“Insurance brokers, wealth advisors, real estate services, and logistics were all in the firing line last week, and investors are cautiously watching for what slice of the market could be next on the AI hit list,” Chiekrie added.

European stocks steadied in early afternoon deals after Tokyo closed lower, with Chinese markets again shut for the Lunar New Year.

In foreign exchange, the dollar rose against the British pound as official data showed UK unemployment rising to a five-year high.

Analysts said the reading of 5.2 percent for the final quarter of last year increased the likelihood of the Bank of England cutting its benchmark interest rate next month.

The greenback was also higher versus the euro but fell against the yen.

Europe’s biggest economy Germany, is unlikely to rebound in 2026 as geopolitical uncertainty, high cost,s and weak domestic demand weigh on growth, the country’s Chamber of Industry and Commerce said Tuesday.

Germany returned to weak growth in 2025 after two years of recession.

– Key figures at around 1445 GMT –

New York – Dow: DOWN 0.3 percent at 49,366.16 points

New York – S&P 500: DOWN 0.2 percent at 6,820.63

New York – Nasdaq: DOWN 1.0 percent at 22,486.46.

London – FTSE 100: UP 0.4 percent at 10,517.01

Paris – CAC 40: UP 0.3 percent at 8,343.55

Frankfurt – DAX: UP 0.4 percent at 24,897.35

Tokyo – Nikkei 225: DOWN 0.4 percent at 56,566.49 (close)

Hong Kong – Hang Seng Index: closed for holiday

Shanghai – Composite: closed for holiday

Euro/dollar: DOWN at $1.1820 from $1.1854 on Monday

Pound/dollar: DOWN at $1.3526 from $1.3630

Dollar/yen: DOWN at 153.40 yen from 153.48 yen

Euro/pound: UP at 87.40 pence from 86.98 pence

West Texas Intermediate: DOWN 0.2 percent at $62.75 per barrel

Brent North Sea Crude: DOWN 1.4 percent at $67.64 per barrel.

 

 

 

AFP

International News

W/C Round Of 32 Matchup: Brazil vs Japan, Netherlands vs Morocco

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The FIFA World Cup group stage has concluded, with the Netherlands securing first place in Group F and Japan finishing second. According to the knockout stage bracket, the top two teams from Group F will face the top two teams from Group E.

 

Two more Round of 32 matchups have been confirmed: Brazil vs. Japan and Netherlands vs. Morocco. The first Round of 16 matchup was announced yesterday, featuring South Africa vs. Canada.

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‘Please Stop The Nonsense’ – Germany Coach Tells Journalist After Ecuador Defeat

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Julian Nagelsmann defended question marks surrounding Germany’s commitment during their defeat by Ecuador, telling journalists: “Please stop the nonsense!”

Germany, already guaranteed top spot in Group E, were beaten 2-1 in their final group outing, as their opponents came from behind to snatch all three points at New York New Jersey Stadium.

Nagelsmann’s side saw their 11-match winning streak brought to an end, while they have now failed to register a clean sheet in any of their last nine games at the finals, equalling their longest streak along with their opening nine matches across 1934 and 1954.

And since the start of the 1998 World Cup, this was just the second time Germany had lost a game at the tournament in which they opened the scoring (W25 D2) following a 1-2 loss to Japan in 2022.

While not impressed by his players’ performance, he was quick to reject claims it was due to a lack of commitment, with their place in the knockout phase already secured.

“Please stop the nonsense, honestly!” Nagelsmann told reporters. “Didn’t the boys want to go full throttle?

“Of course, we made different changes than we might have done in moments when we urgently needed another goal.

“But we can’t tell any player that he didn’t step on the gas, that’s far too striking for me.

“We have to learn that after a good start and an early lead, we can play with more composure, instead of suddenly switching positions too much. We just need to be more patient and stay a bit more structured in our positions.

“We deliberately made a lot of changes. You could see that we also had a few tired legs. You can’t blame anyone for the fact that everything is a little slower and takes longer. We trust every player in the squad, and have to give the players the chance to show that.”

Coincidentally, it was in New York that Germany crashed out of the 1994 World Cup after surrendering a lead, losing 2-1 in the quarter-finals against Bulgaria at the Giants Stadium.

Joshua Kimmich, who won his 113th cap to move to joint-eighth with Philipp Lahm on his nation’s all-time list, conceded the four-time world champions were worthy losers against Ecuador.

“We started well, but then we gave the ball away too cheaply and kept inviting them on,” he added.

“We made it easy for them and let them grow into the game. In the second half, the defeat was deserved.”

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Burnley And West Ham To Meet On First Championship Weekend

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Relegated Burnley and West Ham will meet on the opening weekend of the Championship season on Sunday, 16 August.

 

The Clarets finished 19th in the top flight last season and will host the Hammers, who went down on the final day.

Fellow relegated side Wolves will play the league’s curtain-raiser against Blackburn at Molineux on Friday, 14 August.

Elsewhere, Southampton, who will start the season on minus four points after the Spygate scandal, travel to Watford on the opening weekend and promoted Cardiff welcome Welsh rivals Wrexham on Monday, 17 August.

League One champions Lincoln start the season at beaten play-off finalists Middlesbrough on Saturday, 15 August and third tier play-off final winners Bolton begin the campaign with a home game against Preston on the same day.

The Championship season starts a week after clubs play their first competitive fixture in the first round of the Carabao Cup and one week before the Premier League gets under way.

Burnley, West Ham and Wolves will all be looking to secure Premier League promotions at the first time of asking.

The Clarets have now been relegated from or promoted to the top flight in each of the past four seasons.

However, now less than two months out from the start of the season they remain without a manager following the departure of Scott Parker in May.

West Ham boss Nuno Espirito Santo has remained despite them dropping out of the top flight after 14 seasons.

The Portuguese led Wolves to the Championship title in his one previous season managing at this level in 2017-18.

Wolves finished bottom of the Premier League in 2025-26 and sacked boss Rob Edwards earlier this month to bring in Cesar Peixoto.

They have bolstered their squad with former England defender Kieran Trippier and returning Mexico striker Raul Jimenez.

However, all three will be aware that in both of the past two seasons a team relegated from the top tier has suffered a second successive demotion to League One.

Former Premier League champions Leicester City went the same way as Luton Town had in 2024-25.

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