Fledgling U.S.-Iran peace deal stutters

The U.S.-Iran peace deal falters over the weekend but a U.S. official tells CNBC hostilities have abated with talks set to resume in Doha tomorrow. European and U.S. futures are up on de-escalation hopes but crude prices hover around the $70 per barrel mark. In autos news, Volkswagen announces it will cut 100,000 jobs. We hear from the CEO of Germany’s state-owned bank KfW Stefan Wintels who says the country is undergoing an industrial transformation. And in the UK, prime minister-designate Andy Burnham is to outline his economic outlook in Manchester today with devolution and a restructuring of Westminster to be top of the agenda.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What this episode covers

The U.S.-Iran peace deal falters over the weekend but a U.S. official tells CNBC hostilities have abated with talks set to resume in Doha tomorrow. European and U.S. futures are up on de-escalation hopes but crude prices hover around the $70 per barrel mark. In autos news, Volkswagen announces it will cut 100,000 jobs. We hear from the CEO of Germany’s state-owned bank KfW Stefan Wintels who says the country is undergoing an industrial transformation. And in the UK, prime minister-designate Andy Burnham is to outline his economic outlook in Manchester today with devolution and a restructuring of Westminster to be top of the agenda. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode was published on June 29, 2026.

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