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Long semiconductors is the most crowded trade on record; Spain favoured to win World Cup

We have made a lot of good progress on Iran talks, says Vance

BofA now expects Fed to hike interest rates three times this year

UK politics: Streeting folds, decides to back Burnham for prime minister bid

UK prime minister Starmer to give statement in Downing Street imminently

Downing Street Chief of Staff resigns pointing to potential Starmer departure

UK’s Starmer: I will resign as prime minister

easyMarkets Brings Guaranteed Stop Loss with No Slippage to TradingView

Further US-Iran technical talks reportedly set to continue later today

What are the main events for today?

Iran ramps up crude oil exports via Strait of Hormuz as Switzerland talks conclude

China bans rare earth exports to Pentagon-backed US firms in military-linked retaliation