US-Iran peace deal drives oil prices below $80 while Fed begins new leadership; Binance faces EU regulatory setback amid broader market movements.

US-Iran peace deal set to be formally signed Friday in Switzerland, with Iran claiming a two-month US naval blockade has been lifted ahead of the agreement aimed at ending Middle East conflict.

Global oil prices broke below $80 per barrel for the first time since the Iran war began following the peace announcement, though shipping data shows only a fraction of normal tanker volumes are moving through the Strait of Hormuz.

US Federal Reserve Chairman Kevin Warsh commenced his first policy meeting, with markets expecting rates to remain steady as oil price retreats support inflation outlook.

Wall Street stocks edged higher early Tuesday as oil prices retreated post-Iran deal announcement, with SpaceX surging while investors await further Fed signals under new leadership.

Binance, the world's largest cryptocurrency exchange, is set to lose its EU service license within weeks as regulators are expected to reject its application, marking a major regulatory setback in Europe.

Apple's Indian supplier Tata Electronics secured relief after a state pollution control board dropped scrutiny of its iPhone components manufacturing plant following compliance improvements.

Pakistan's Economic Coordination Committee approved Rs9.56 billion in supplementary grants for Interior Ministry projects and extended gas supply provisions to urea manufacturing plants.

Used car dealership CarMax earnings report and Carvana's latest disruptive market moves are among key corporate earnings expected this week.

Mortgage rates are declining for 30- and 15-year terms while other lending rates rise, reflecting broader shifts in the fixed-income market following geopolitical developments.

Investment manager Cathie Wood purchased $529.7 million in a newly popular stock, signaling institutional confidence despite broader market cautious sentiment.