Oil futures declined following President Trump's announcement of a negotiated deal with Iran. Brent crude remains elevated since the war's start, though some commercial vessels are navigating the Strait of Hormuz.

Oil futures slid on Monday as traders assessed US President Donald Trump's announcement over the weekend that a deal with Iran had been "largely negotiated". The benchmark Brent crude still remains much higher than when the war started on February 28. Also in this edition: some commercial vessels are managing to cross the Strait of Hormuz. Plus, Ferrari is set to launch its first fully electric supercar model.