Your Morning Fix

• US and Iranian officials ended their highest-level talks in decades without a breakthrough but signaled dialogue may continue despite tense discussions over issues including the Strait of Hormuz, Iran’s nuclear program, and sanctions.
• Wall Street futures slipped as investors turned cautious after US-Iran peace talks collapsed, raising concerns about prolonged conflict, higher oil prices, and renewed volatility in global markets.
• President Ferdinand R. Marcos Jr. approved the suspension of excise taxes on LPG and kerosene to ease household fuel costs amid rising global oil prices, while excise levies on gasoline and diesel remain unchanged for now.
• The Philippines slipped to 18th place in Kearney’s 2026 Foreign Direct Investment Confidence Index, as weaker investor sentiment, structural challenges, and falling capital inflows continue to dent its medium-term investment outlook.
• The Philippine peso slid back to the PHP 60.1-per-dollar level as the collapse of US-Iran peace talks pushed oil prices higher and boosted demand for the US dollar.