Who is negotiating matters most

Markets remain uneasy as U.S. President Donald Trump's 48‑hour ultimatum for Iran stretches to five days with no clarity on negotiations. Oil climbs back above $100 and today’s PMI surveys offer the first read on how the war is hitting business confidence.

Today’s recommended read: Why $100 oil won't break the American consumer, Jamie McGeever

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

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