economy
CNBC Daily Open: Swiss signing canceled as U.S.-Iran talks stall
Negotiators call off plans to meet in Switzerland to try to progress the U.S.-Iran deal as Trump and Vance defend the agreement.
TL;DR
- The U.S.-Iran deal negotiations scheduled in Bürgenstock, Switzerland, have been canceled.
- U.S. Vice President JD Vance defended President Trump's interim peace deal, stating the U.S. is not paying Iran.
- Crude prices have steadied, with OPEC dismissing concerns of a supply glut.
- The Japanese yen has fallen to a near 40-year low against the dollar.
- U.K. politician Andy Burnham won a by-election, potentially leading to a leadership challenge and calls for tighter regulation of tech industries.
- SpaceX shares have fallen significantly, with average post-IPO buyers now approximately breaking even.