Europe’s Key Rivers Are Drying Up; Mixed Messages on US, Iran Talks | The Opening Trade 8/3/2026

President Donald Trump said fresh US-Iran talks would begin Monday. Iran Foreign Ministry Spokesman Esmail Baghaei stated "We are not currently negotiating with the United States, and the negotiations with Oman are focused on reaching an agreement regarding the safe passage of ships through the Strait of Hormuz." Europe's largest rivers are receding after the region experienced multiple heat waves in recent weeks. Elevated temperatures have reduced power generation in France, Hungary, and other Eastern European nations, raising energy prices across the region.

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