The market is sensing a deal where Iran gives up nuclear and gets basically everything else it’s asking for. The thinking is that Trump wants a way out and can’t have the Strait closed for much longer.
The latest report is from the New York Post and said that Iranian officials are studying abandoning uranium enrichment for ending the war. Now that’s a dubious source and unlikely to be from Iran but it has helped to boost sentiment.
US stocks nearly retraced to unchanged on the day.
In any case, surely Iran has ‘studied’ this as it’s been a US demand for more than a decade.
This article was written by Adam Button at investinglive.com.
