U.S. Iran Near 60-Day Ceasefire Extension With Nuclear Framework

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Published: 3 hours ago

The U.S. and Iran are reportedly close to agreeing on a 60-day ceasefire extension that includes a nuclear framework. A fragile ceasefire has been in place since April 8, with ongoing skirmishes as both nations navigate tensions over the Strait of Hormuz. This development could strengthen risk appetite and weaken safe-haven demand. Oil prices may decline on reduced supply disruption fears, potentially weakening commodity currencies while supporting oil-importing nations' currencies.

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