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Good morning. U.K. unlocking delay, Netanyahu ousted, Iran accord doubt and G-7 counters China. Here’s what’s moving markets.

U.K. officials now expect Boris Johnson to announce a delay of as long as four weeks to the easing of most social distancing rules in England when he sets out his decision this evening. The surge in the delta variant first identified in India has forced the prime minister and his team to rethink their blueprint for ending restrictions on June 21. There may be some relaxation of restrictions on weddings and major sporting events, one official said. Elsewhere, British Foreign Secretary Dominic Raab condemned European “ignorance” about the U.K. amid a dispute over post-Brexit trade rules.