Oil prices fall after US waives Iran sanctions and peace talks in Switzerland progress – business live

US waives sanctions on Iran for 60 days after first talks in Switzerland to negotiate peace deal; communications line opened to ensure safe passage through strait of Hormuz Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Crude oil has fallen, after the United States waived sanctions on Iran for 60 days from Monday after the first talks to negotiate a permanent peace deal. 8.15am BST-9am BST: France, Germany, eurozone S&P Global PMI surveys (flash ) for June 9.30am BST: UK S&P Global PMIs flash for June 11am BST: CBI Industrial

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