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Futures Jump On Hopes Of War De-escalation, Korea Enters Bear Market On Memory Rout
Futures Jump On Hopes Of War De-escalation, Korea Enters Bear Market On Memory Rout
Futures are higher on a WSJ report that Trump is considering exiting the middle east conflict even if the Strait of Hormuz is not reopened; but the market is deciding whether this is a genuine intent to leave or another feint given the previous US attacks during negotiations and that Trump has yet to adjust his Apr 6 deadline. As of 8:00am, S&P futures are 1.1% higher, at session after approaching correction territory yesterday. Nasdaq futures rise...
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Oil Plunges As Iran 'Completely Opens' Hormuz, US Reportedly 'Mulls' $20BN Cash-For-Nukes Deal,
Oil Plunges As Iran 'Completely Opens' Hormuz, US Reportedly 'Mulls' $20BN Cash-For-Nukes Deal,
Summary
Iran's Aragchi says "Strait of Hormuz is declared completely open"
US mulls cash-for-uranium deal as 'three-page' MOU peace plan takes shape
Peace talks reportedly on Sunday in Islamabad
Iran Opens Hormuz
In a rather shocking turn of events, Iran's Foreign Minister Seyed Abbas Aragchi posted on X that the Strait of Hormuz is open:
"In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,...
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