The U.S. Treasury Department issues general licenses related to Venezuela.

[The United States and Iran may start high-level peace talks as soon as Thursday but are still waiting for a response from Tehran]According to the AXIOS website, citing two people familiar with the matter, the United States and a group of regional mediators are discussing the possibility of holding high-level peace talks with Iran as soon as Thursday, but are still waiting for a response from Tehran. President Trump is interested in ending the war, but Iran's control of the Strait of Hormuz complicates any potential exit strategy. The United States has shared its 15-point plan to end the war with Israel and claims that Iran has agreed to many of the key points, but there is no tangible evidence that such an agreement exists. Israeli Prime Minister Benjamin Netanyahu is concerned that Trump’s deal may fall far short of Israel’s goals, include significant concessions and limit Israel’s ability to strike Iran, two Israeli sources said. A third source said Israeli leaders were skeptical that Iran was actually making the concessions claimed by the United States. Iranian officials have so far denied Trump's claims of secret negotiations, although they have confirmed that the United States has sent messages and offers.

U.S. stocks continued their decline, with the S&P 500 down 0.42%, the Nasdaq down nearly 1%, and the Dow down 0.2%.

SNB President: Interest rate differentials are an important driver of exchange rates.

SNB President: We are ready to introduce negative interest rates, but the threshold for taking interest rates into negative territory is higher.

President of the Swiss National Bank: Policy interest rates are the main tool, but there are also situations where foreign exchange intervention is more appropriate.