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Newsquawk Staff · 4 Nov 2026, 02:05 UTC

What our morning note said

US Market Open, 3 Nov, 11:11 UTC · what it led with

The US attacked Iran’s Qeshm Island on Monday, with an official describing it as small-scale and defensive.
Journalist Mallick reported that an agreement for Iran and the US to return to negotiations is reportedly in the works, although a deal is not as close as some suggest.

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Australian Employment Change (Jul) -15.8K vs. Exp. 15K (Prev. 76.3K)
AUD/USD−0.3%
"We are interested in the diplomatic track, but without making concessions", Al Arabiya citing an Iranian diplomatic source.
WTI crude+0.8%
"Washington has approved the draft memorandum of understanding that the Qatari delegation presented to Iran yesterday", Al-Araby Al-Jadeed reports citing sources close to the mediation team.
WTI crude−3.6%

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