Andy Burnham wins the Makerfield by-election, returning him to Parliament and setting up a leadership challenge against U.K. Prime Minister Keir Starmer. In geopolitics, U.S.-Iran talks today are called off after U.S. Vice President JD Vance cancels his trip to Switzerland, as the administration hits back at criticism of the deal from both sides of the aisle. Meanwhile, OPEC welcomes an interim agreement between the U.S. and Iran, pushing back on forecasts of a supply glut following the conflict. Secretary General Haitham Al Ghais tells CNBC exclusively that OPEC still has the power to manage the market.<br>See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Andy Burnham wins Makerfield by-election

Squawk Box Europe Express

The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights all in your hands. Stay connected, stay informed. Download the CNBC app today. A very warm welcome to this Friday edition of Squawk Box Europe with myself, Steve Sedgwick. We've got Ben Boulos and Karen, of course, live at VivaTech in Paris. These are your headlines.

Andy Burnham wins the Makerfield by-election, returning him to Parliament and setting up a leadership challenge against the Prime Minister, Keir Starmer. There will be no second chance, but it is a chance now, from this result tonight, to build a new politics based on unity and hope. US-Iran talks today are called off after Vice President J.D. Vance cancels his trip to Switzerland

as the administration hits back at criticism of the deal from both sides of the aisle. If the Iranians don't change their behavior, their military and their nuclear program is still destroyed. If they do change their behavior, then they are going to have a transformative relationship with the Middle East. That's a win for the American people and for the President of the United States.

OPEC welcomes an interim agreement between the US and Iran, pushing back on forecasts of a supply glut following the conflict. The Secretary General telling CNBC that OPEC still has the power to manage the market. We are unified and our death certificate has been written many times before and we have emerged stronger than before. And we will emerge strong and continue to be strong.

Andy Burnham wins Makerfield by-election

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Andy Burnham wins Makerfield by-election

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.