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We should be clear about who is likely to benefit from an easing in the leverage ratio
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Oil little changed as investors weigh US-Iran peace deal, Hormuz uncertainty ReutersIran to Gain Major Financial Relief Under Interim Deal With US Bloomberg.comOil prices continue slide amid hopes for peace, opening of Strait of Hormuz Al JazeeraView / Hormuz will never really be open again Semafor
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Also in today's newsletter: Bank of Japan raises rates to 1%, and India temporarily blocks Telegram
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Live Updates: Iran says deal with U.S. requires Israeli forces to leave Lebanon CBS NewsIran's top envoy says peace deal with US dependent on Israel's withdrawal from Lebanon The GuardianIran says the deal to end the war with the US requires Israel to withdraw from Lebanon YahooFragile quiet in Lebanon as US-Iran truce leaves unanswered questions BBCUS, Iran, Hezbollah spar over murky terms of ceasefire deal DW.com
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