Global Headlines

India is seeking offers from global suppliers to buy 1.7 million tons of urea, a widely used nitrogen fertilizer, ahead of the monsoon sowing season, as the Middle East conflict disrupted gas supplies for domestic output.

It began as a concession in private conversations to assuage wary credit analysts looking at Paramount Skydance Corp.’s blockbuster takeover of Warner Bros. Discovery Inc.: a verbal pledge by the Ellison family to do whatever it takes to slash debt at the combined company.

European stocks erased gains as hopes for a deal between Tehran and Washington were damped by the White House denying Iranian reports about a draft memorandum of understanding.

Canadian Prime Minister Mark Carney will make an early visit to Paris ahead of the Group of Seven leaders summit next month to meet with French President Emmanuel Macron, according to people familiar with the matter.

Oil tumbled on optimism that the US and Iran will reach a peace deal, even as the two countries made conflicting statements on the progress of talks.