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Oil prices declined over 3% as traders reacted to mixed signals regarding U.S.-Iran peace talks and ongoing military actions, which could impact global oil supply and market stability.

Investor optimism regarding a potential peace settlement in Iran has led to a decline in U.S. Treasury yields, despite ongoing tensions and military actions in the region. This shift may influence borrowing costs and market sentiment moving forward.

The recent surge in demand for AI chips has propelled SK Hynix and Micron into the $1 trillion market capitalization club, highlighting the significant impact of artificial intelligence on the tech sector and broader markets.

Wes Streeting, a contender for the leadership of the UK's Labour Party, has proposed aligning capital gains tax with income tax rates, which could generate an estimated £12 billion for the Treasury. However, this proposal faces significant challenges, including potential negative impacts on wealth creators and the historical difficulties of implementing a wealth tax in the UK.

European stocks are set to open mixed as investors react to escalating military tensions involving Iran, which could impact market stability and investor sentiment.