[MARKET UPDATE] Crude futures pare earlier gains as the latest headlines regarding US-Iran talks provide optimism including the joint statement from Qatari and Pakistani mediators, while Iran's Foreign Minister Araghchi also noted major progress was made

Axios's Ravid reports most significant clause for Israel in the announcement issued at the end of the summit deals with the establishment of a de-conflict cell in which the US, Iran, Lebanon, Qatar, and Pakistan will partner in order to ensure ceasefire

Singapore Airlines (SIA SP) has reportedly appointed banks for a possible CNY-denominated bond issuance

[MARKET UPDATE] Crude futures pare earlier gains as the latest headlines regarding US-Iran talks provide optimism including the joint statement from Qatari and Pakistani mediators, while Iran's Foreign Minister Araghchi also noted major progress was made

Iran's Foreign Minister Araghchi posts Pakistani and Qatari mediation delivered major progress to end Lebanon War, oil and petrochem exports are waived, blockade lifted, frozen assets released, and major reconstruction & development plan launched for Iran

PRE-MARKET CHINESE STOCK NEWS: China's benchmark Loan Prime Rates were maintained with the 1yr LPR at 3.00% and 5yr LPR at 3.50%