economy
CNBC Daily Open: Markets Feeling That Deja Vu as Iran Deal Under Strain, Once Again
Less than a week after the U.S. and Iran signed their "memorandum of understanding" aimed at ending the conflict, tensions have flared once again.
TL;DR
- Iran has reportedly closed the Strait of Hormuz again, violating a condition of a recent memorandum of understanding with the U.S.
- The U.S. President has threatened further strikes on Iran if proxies in Lebanon continue causing trouble.
- Oil prices surged, with Brent crude breaking above $80 per barrel.
- UK Prime Minister Keir Starmer is reportedly set to resign after his rival Andy Burnham won a special election.
- Pixar's 'Toy Story 5' had the highest opening weekend in the franchise's history, grossing $160 million domestically and $312 million globally.