[MARKET UPDATE] XAU, USTs & Crude futures slip following comments via the Iranian Foreign Minister who noted they have reached understanding on main principles with the US; Brent Apr'26 fell from circa. USD 68.41/bbl to USD 67.30/bbl within a few minutes

XAU, USTs & Crude futures slip following comments via the Iranian Foreign Minister who noted they have reached understanding on main principles with the US; Brent Apr'26 fell from circa. USD 68.41/bbl to USD 67.30/bbl within a few minutes.

The remarks by the Iranian Foreign Minister signaling an understanding with the US suggest a potential easing of tensions, which could be viewed as a de-escalation. This development is likely driving the immediate decline in both crude oil and precious metals, as markets reprice potential supply and demand scenarios. Traders should watch for further developments that could affirm or contradict this shift, impacting energy and haven assets significantly.