Energy markets are catching a welcome breather as Brent crude futures have plummeted 19% since the end of April, marking the sharpest monthly decline in six years—all driven by rising optimism around a potential US-Iran peace agreement.

The global stock markets are celebrating alongside, with investors rewarding the prospect of reduced geopolitical tensions and greater energy stability. Lower oil prices typically ripple through entire economies, easing pressure on everything from transportation costs to manufacturing, which could provide meaningful relief to households and businesses grappling with inflation. Meanwhile, the Bank of England is taking a measured approach, signaling no rush to raise interest rates as policymakers weigh the softer real economy against stubborn price pressures. Read the full story →

Today's takeaway: A combination of diplomatic progress and falling energy costs is creating rare economic tailwinds for consumers and markets alike.