[MARKET UPDATE] Crude continues falling alongside the DXY, whilst equity and fixed income futures rise further following reports that US and Iran are said to be closer to reaching an understanding on the Strait of Hormuz

The news that the US and Iran are nearing an understanding regarding the Strait of Hormuz has likely eased some geopolitical tensions, prompting a drop in crude prices while simultaneously boosting equities and fixed income futures. This shift suggests that market participants are more optimistic about stability in oil supply routes, which could favor riskier assets. Traders should monitor how this negotiation unfolds, as any significant developments could lead to further volatility in commodities and related markets.