The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0904 GMT - The cost of insuring euro credit against default falls as market sentiment improves after the U.S. cancelled a planned attack against Iran. President Trump said that U.S. would resume peace talks with Iran on Monday, calming concerns about potential escalation in the Middle East conflict. The iTraxx Europe Main index of euro investment-grade credit default swaps falls 1 basis point to 53bps, S&P Global Market Intelligence data show. The iTraxx Europe Crossover index of euro high-yield CDS falls 5bps to 256bps. (miriam.mukuru@wsj.com)

0814 GMT - Oil prices tumbled after President Trump held off fresh attacks on Iran and said the U.S. would engage in talks beginning Monday afternoon. In early trading, front-month Brent crude is down 5% to $83.55 a barrel, while WTI futures drop 6.1% to $79.54 a barrel. Both contracts surged more than 20% in July after Washington and Tehran resumed attacks and Houthi rebels threatened shipping through the Red Sea. Trump, however, said in a social-media post on Saturday that "the perimeters of a deal" to reopen the Strait of Hormuz had been hammered out. Meanwhile, key members of OPEC+ said they would raise output by about 188,000 barrels a day in September, a sixth straight monthly increase that would complete the phased unwinding of 1.65 million barrels a day of voluntary supply cuts originally agreed in 2023. (giulia.petroni@wsj.com)

0808 GMT - The dollar should be weaker than current levels after the U.S. and Japan confirmed joint currency interventions to support the yen and as oil prices fall on hopes for a U.S.-Iran deal, ING's Chris Turner says in a note. "The fact that the dollar is not broadly weaker probably owes to the unresolved issue of whether the Federal Reserve will hike in September," he says. Pricing for a September rate rise has recovered since last week's Fed meeting on the view that failure to act would lead to a further selloff in long-dated Treasurys, he says. The DXY dollar index falls 0.1% to 99.733 after reaching a seven-week low of 99.418 overnight. (renae.dyer@wsj.com)

0753 GMT - Gold prices edge higher after President Trump refrained from launching fresh attacks on Iran, sending oil prices lower and easing concerns about inflation and further interest-rate hikes. In early European trading, New York gold futures are up 0.2% to $4,113.90 a troy ounce. Brent crude, the global oil benchmark, tumbled to $83 a barrel as Trump told reporters Sunday that the U.S. would engage in talks with Iran beginning Monday afternoon. Meanwhile, the U.S. dollar index is down 0.1% to 99.79 after Japan and the U.S. confirmed joint intervention to shore up the yen, making dollar-denominated commodities cheaper for overseas buyers. (giulia.petroni@wsj.com)

0731 GMT - European energy stocks open lower on slumping oil prices as President Trump prioritizes diplomacy and says new talks with Iran will begin Monday. This pushes Brent down 5.2% to $83.41 a barrel, while WTI falls 3.3% to $73.94 a barrel. In London, BP falls 2.1% and Shell drops 1.2%. France's TotalEnergies, Italy's Eni and Spain's Repsol all fall around 2.2%. Norway's Equinor is down just over 3%. (adam.whittaker@wsj.com)

0729 GMT - Delta Electronics (Thailand)'s valuation is likely to remain under pressure from lower gross and operating margin profiles amid the broader selloff in artificial intelligence infrastructure stocks, UOB Kay Hian analysts say in a note. The electronics products manufacturer's 2Q net profit dropped 33% on quarter, as raw material shortages and higher royalties hit its margins by more than expected. Although the company's 2H earnings should improve, higher raw material costs will likely weigh on its gross margin, the analysts say. UOB KH lowers its stock target price to 300.00 baht from 320.00 baht, while maintaining a hold rating. Shares are down 1.1% at 275.00 baht.(amanda.lee@wsj.com)

0717 GMT - Yields on U.K. government bonds decline as oil prices dip after the U.S. cancelled planned attacks against Iran. President Trump said negotiations with Iran would resume on Monday, easing fears about possible escalation in the conflict. In addition, the Bank of England's policy meeting last week signalled no rush to raise interest rates, causing markets to lower expectations of BOE rate rises in 2026. Ten-year gilt yields fall 5.9 basis points to last trade at 4.978%, Tradeweb data show. (miriam.mukuru@wsj.com)

0711 GMT - Eurozone government bond yields fall, tracking moves in U.S. Treasury yields, as oil prices decline after U.S. President Trump said diplomatic talks with Iran would resume. Trump told reporters Sunday that the U.S. would engage in talks beginning Monday afternoon. Still, the situation is the Middle East remains uncertain. "On geopolitics, we are still not comfortable that we are out of the woods," Jefferies' Mohit Kumar says in a note. The 10-year German Bund yield falls 4.7 basis points to 3.155%, according to LSEG. (emese.bartha@wsj.com)

0649 GMT - The dollar falls, staying near a seven-week low reached overnight after President Trump said he cancelled a planned strike on Iran while Japan and the U.S. confirmed joint intervention to shore up the yen. Trump said in a Truth Social post that Iran and other Middle Eastern countries had asked the U.S. not to attack as the "perimeters of a deal has been agreed to." Japan's Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent both confirmed joint interventions to support the yen last week. The DXY dollar index falls 0.2% to 99.739 after reaching a low of 99.418 overnight. The dollar falls 0.6% to 156.60 yen after hitting a three-month low of 155.21 overnight, according to LSEG.(renae.dyer@wsj.com)

0636 GMT - Taiwan's tech earnings so far confirm that AI infrastructure investment remains in the early stages of a multi-year expansion, Citi analysts say in a research note. Companies in the semiconductor supply chain, including TSMC, UMC and MediaTek, have raised guidance, increased capital expenditure or expressed improving visibility into 2027 AI demand. "Despite recent market turbulence, companies reaffirmed that AI investment cycle is broadening across the entire hardware ecosystem," they say. The AI beneficiaries will increasingly extend beyond computing to networking and power, they add. AI data center products will be supported by strong demand for high-efficiency power supplies, power distribution, liquid cooling and higher rack power density, they add, making Delta Electronics one of the key beneficiaries. (sherry.qin@wsj.com)

0530 GMT - U.S. Treasury yields slide in Asian trade as oil prices fall on improved outlook for a solution in the Middle East. After days of threats to launch a new offensive against Iran, U.S. President Trump is prioritizing diplomacy and has said new talks with Iran will begin on Monday. Brent oil is down 7.65% at $83.23 per barrel, leading to a 4-6 basis point fall in Treasury yields across maturities. The 10-year yield is down 5.3 basis points to 4.690%, while the 30-year yield is down 4 basis points to 5.235%, according to Tradeweb.