Report: Mediators Believe US and Iran Are Close to a Breakthrough, Preliminary Ceasefire Agreement May Be Restarted
Complete. Here is the key summaryThe report states that mediators believe the US and Iran are close to reaching a breakthrough, with hopes of restarting the preliminary ceasefire agreement. Affected by this news, the three major US stock indices rose, with the S&P 500 accelerating its rebound, the Nasdaq wiping out its losses, and the Dow Jones rising more than 1%; US Treasury yields declined; international crude oil prices fell sharply, with Brent crude dropping over 4% and WTI crude falling about 4%
According to media reports, before Israeli Prime Minister Netanyahu met with US President Trump, mediators believed that a breakthrough agreement was close at hand, raising hopes for restarting the memorandum of understanding signed between the United States and Iran last month.
Following the report, the broader US stock market moved higher. Among the three major US stock indices, the S&P 500 accelerated its rebound, the Nasdaq wiped out its intraday losses, and the gains of the Dow Jones expanded to more than 1%; US Treasury prices saw expanded gains, with yields generally falling by 4-6 basis points; international crude oil futures accelerated their decline. The drop in Brent crude expanded to more than 4%, while WTI crude fell by about 4%.
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