According to CNBC, President Donald Trump said he canceled a planned attack on Iran and reached an agreement on the "perimeters of a deal," easing tensions and sending oil prices lower in early Asia trading. WTI and Brent both fell more than 4% after the comments, while OPEC+ approved a production quota increase of about 188,000 barrels per day from September. The output hike, agreed by core members Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman, completes a phased rollback of a 1.65 million bpd cut first agreed in 2023. U.S. stock futures rose ahead of a jobs report and a heavy earnings week, and Japan's finance minister confirmed a joint foreign-exchange intervention with the U.S. to support the yen, the first coordinated action since 2011. The dollar traded at 157.84 yen on Monday, down from a near 40-year low of 164 last week. CNBC also reported that AstraZeneca is considering a merger with Bristol Myers Squibb that would value the combined company at roughly $400 billion.