Iranian official tells Washington Post that they have largely agreed on the broad outlines of the agreement, according to Al Arabiya

This development suggests a significant step toward a potential diplomatic agreement between Iran and the U.S., which could lead to a de-escalation of tensions in the region. If the details of this agreement materialize, we might see notable reactions in oil prices, as well as shifts in FX markets related to geopolitical uncertainties. Keep an eye on safe-haven assets like gold and the behavior of regional currencies for any immediate market impact.