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

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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

investingLive Asia-Pacific FX news wrap: Encouraging US-Iran progress weighs on oil, USD