Iran’s State TV says it has a draft of the initial unofficial framework for MoU with US; According to draft MoU US military forces will withdraw from vicinity of Iran and lift naval blockade; Islamabad framework not yet finalised
China’s Military says a Dutch vessel repeatedly launched carrier-based helicopters to intrude into China’s airspace.
[MARKET UPDATE] Risk-on move as Iranian State TV reports draft of the initial unofficial framework for MoU with US; Brent loses around $2/bbl, equities and fixed income bid, high-beta FX boosted
Iran’s State TV says it has a draft of the initial unofficial framework for MoU with US; According to draft MoU US military forces will withdraw from vicinity of Iran and lift naval blockade; Islamabad framework not yet finalised
US ADP Employment Change Weekly 35.75K (prev. 42.25k)
US BROKER MOVES: FDX upgraded at JPM; DG downgraded at Deutsche Bank
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- In return, Iran has committed to restoring the number of commercial transit ships through the Hormuz Strait to pre-war levels within one month
- Military vessels are not included in this draft agreement.
- Management and route of ship traffic via Hormuz to be handled by Iran in cooperation with Oman.
- If a final deal is reached within 60 days, this agreement will be approved in the form of a binding UN Security Council Resolution.
- No steps to be taken without "tangible verification".
- Iran is committed to restoring the number of commercial transit ships through Hormuz to pre-war levels within one month.
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