Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC's Daily Open. The S&P erasing all its Iran war-related losses marks an interesting moment where market sentiment meets geopolitical reality. The talk of the newsroom this morning is why Wall Street rallied and oil prices retreated on what could be considered very tenuous indications that diplomatic progress is being made.