[MARKET UPDATE] Amidst the ongoing tempering of optimism around US-Iran progress, from both the Iranian and US side, Brent lifts comfortably back above USD 100/bbl, while stocks and fixed slip from highs
Context
The news highlights a cooling in optimism regarding US-Iran negotiations, prompting a rebound in Brent crude prices above $100 per barrel. This shift can indicate increased geopolitical risk, leading to higher oil prices while concurrently pressuring equities and fixed income due to potential inflationary concerns and uncertainty in global markets.
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