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
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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