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06.05.26 - 13:39
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S&P500 Futs Jump, Bonds Rally, Oil Tanks On Axios Report U.S.-Iran Nearing Deal (ZeroHedge)
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S&P500 Futs Jump, Bonds Rally, Oil Tanks On Axios Report U.S.-Iran Nearing Deal
Axios reports that the White House is nearing a preliminary deal with Iran to end the war. This is based on a 14-point, one-page memorandum that creates a 30-day negotiating window for a broader nuclear and Strait of Hormuz deal and follows President Trump's announcement last night of "great progress" and a "complete and final" deal nearing.
"The U.S. expects Iranian responses on several key points in the next 48 hours.
Nothing has been agreed yet, but sources said this was the closest the parties had been to an agreement since the war began," Axios wrote in the report.
Here are the key points:
Iran would commit to a moratorium on uranium enrichment. The duration is still under negotiation, with the U.S. pushing for 20 years, Iran offering five, and sources suggesting 12 to 15 years may be the likely spot.
Iran would also pledge not to seek nuclear weapons, accept enhanced i...
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