<p><strong>GLOBAL:</strong> Donald Trump said the US and Iran are engaged in promising talks that could lead to a deal, but warned that military strikes would resume if negotiations failed.&nbsp;</p>

<p><strong>Tehran said it would also halt attacks if the US maintained the pause, </strong>raising hopes for renewed diplomatic efforts to de-escalate the conflict.&nbsp;</p>

<p><strong>Market impact:</strong> Brent crude plunged 8% to USD 89 after Tehran signaled willingness to halt attacks. Meanwhile, the dollar weakened against the euro and yen as a US pause on strikes against Iran drove oil lower.&nbsp;</p>

<p><strong>LOCAL:</strong> The peso rebounded on Monday, gaining 17.2 centavos to close at 61.675 against the dollar, as easing oil prices and a pause in US-Iran clashes lifted sentiment.&nbsp;</p>

<p><strong>Market impact: </strong>The PSEi climbed 0.54% to 6,314.90, while the broader all shares index rose 0.37% to close at 3,435.37.&nbsp;</p>