Writing the summary…
Oil falls amid optimism over potential diplomatic solution to the Iran conflict
Original reporting
CNBC: read the full reportRelated stories
Here's who attended the Trump-Xi state dinner
U.S. President Donald Trump hosted a dinner Thursday for Chinese President Xi Jinping.

UK consumer confidence hits two-year high, but ‘Burnham bounce’ may be fading – business live
Rolling coverage of the latest economic and financial news The oil price is dropping, following reports that the US and Iran are discussing a phased deal to reopen the strait of Hormuz. Reuters reported that US and Iranian negotiators in New York are exploring “a phased path out of war” that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran. Continue reading...
Crypto platform Bitget suspects North Korea is responsible for $352 million hack
Virginia tech firm's CEO, Russian national charged with hiding firm's Russian ties from U.S. government
Oxygen Forensics counted numerous U.S. government agencies among its customers but lied for years about who really controlled it, prosecutors allege.
Iran says it's up to U.S. to end war as China presses for de-escalation
The remarks came as the Houthis launched a new wave of missile and drone attacks at Saudi targets Friday morning.
An absence of significant economic slowdown doesn't mean no signs of stagflation risks. Here's why
Keep watch for signs of stagflation, even if there isn't a significant slowdown in the economy, according to J.P. Morgan.