The US and Iran have made progress in the negotiations over a three-page memorandum of understanding to end the war, U.S. officials and sources with knowledge say, Axios' Ravid reports
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Newsquawk Daily Economic Releases - 20th April 2026
Iran retains thousands of missiles and one-way attack drones, according to CBS, citing the head of the US Defense Intelligence Agency.
The US and Iran have made progress in the negotiations over a three-page memorandum of understanding to end the war, U.S. officials and sources with knowledge say, Axios' Ravid reports
Iran set three conditions for the movement of vessels in the Strait of Hormuz, Fars news Reports, citing sources; Stressed if US naval blockade continues, it will be considered a violation and Strait of Hormuz will be closed
US President Trump posts "Iran has agreed to never close the Strait of Hormuz again. It will no longer be used as a weapon against the World! President DONALD J. TRUMP"
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Context
The reported progress in US-Iran negotiations may signal a potential easing of tensions, which could impact global energy markets significantly. Any reduction in hostilities may lead to increased oil supply dynamics, affecting WTI prices and overall commodity sentiment, especially if it promises a more stable Middle East.
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