Iran reportedly agrees to freeze its missile project for five years, according to Israel's Channel 12
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Israeli official says US President Trump will not sign a deal with Iran that does not achieve war's objectives, Channel 12 reports
Vitol Americas CEO says severe demand destruction expected at USD 120/bbl crude prices
Iran reportedly agrees to freeze its missile project for five years, according to Israel's Channel 12
Iran Parliamentary Speaker Ghalibaf reportedly discussed the Strait of Hormuz issue with US officials in Islamabad, according to Pakistani Media
US embassy in Muscat issues shelter-in-place order for Oman
On the Newsquawk feed at , 20 minutes before this page.
Context
This report signals a potential easing of tensions in the Middle East, which could influence energy prices and have broader implications for risk assets. If Iran's missile project is indeed halted, it may lead to more stable geopolitical conditions, potentially boosting market sentiment and impacting currencies like the USD. Traders should watch for changes in oil prices, given that peace initiatives could decrease supply-related risks in the region.
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