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France's average temperature on Tuesday was its hottest ever, the country's weather agency said. Several countries are under top-level heat warnings.
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Tehran and Washington face myriad negotiating pitfalls. But both sides are exhausted and running out of options. They may finally need a deal.
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Traffic in the waterway has risen since the US and Iran signed a deal aimed at ending the war, including 42 ships on Saturday alone.
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;Resize=(620)) Major North American indexes fell in early trading on Tuesday, following world markets downward. Elsewhere, Asian and European stocks mostly fell, with South Korea's KOSPI in particular losing 10 per cent.
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The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
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The penalties, issued in an attack where a police officer was shot, dwarfed those given to Jan. 6 rioters and appeared to signal that at least some courts will deal aggressively with ICE protesters.
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Choosing a new head for the Federal Reserve Bank of Atlanta is an opportunity for new Fed Chairman Kevin Warsh to reshape the central bank.
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President Masoud Pezeshkian's visit to Islamabad comes as technical teams were working on details of the deal, following high-level negotiations in Switzerland on Monday led by US Vice President JD Vance and Iran's parliamentary speaker, Mohammad Bagher Qalibaf.
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Iranian supertankers have switched on their transponders, after going dark during the war, as they depart the region loaded with oil.
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Kevin M. Warsh has long singled out Alan Greenspan, who died on Monday, as the central banker he wants to exemplify.
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Iran has closed the Strait of Hormuz again, citing Israeli attacks in Lebanon and U.S. "bad faith" in their interim agreement on the war. Iran's negotiators are heading to Switzerland for talks that mediator Pakistan says will begin Sunday, but Iran says expectations are low until the U.S. fulfills its commitments.
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