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EU Market Open: Iran's FM said that Iran presented a proposal to the US this week, weighing on the crude complex; central bank speak ahead
Iranian Foreign Minister Araghchi said Iran presented a proposal to the US through mediators this week to reopen the Strait of Hormuz and restart negotiations towards a final deal.Chinese President Xi urged the US and Iran to return to resolving issues through negotiation as soon as possible, according to Xinhua.Chinese President Xi said China and the US reached a common understanding on many issues.Crude futures pulled back overnight after the prior day's advances, with the reversal seen following reports that the US and Iran discussed a phased deal to reopen the Strait of Hormuz.APAC stocks…
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