Has Trump invented his peace deal with Iran?

It's a funny old world when you have to check with Iran’s state TV before you know if the US president is telling the truth. In a post early this morning - just as the markets opened - Trump declared he’d had productive discussions to end with war with Iran. An hour later Tehran flatly contradicted him. But by then there had already been a market rally putting two trillion dollars back into the system. So what’s going on: Has Trump had enough of war? Has he had stern words from his Gulf allies? Or is he just trying to manipulate the price of oil?

Later, Business and Trade Secretary Peter Kyle on how to do business with America in the age of Trump and whether he’d call his actions "erratic".

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