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Back from the weekend and still no closer to a US-Iran deal

As a reminder, the mood when we returned last week was that the deal was “imminent”. One week later, we’re still caught in the same negotiating position once again.The US and Iran are continuing exchanging military blows in trying to posture ahead of the supposed framework agreement or memorandum of understanding (MOU). However, the latest communique from both sides continue to indicate a standoff between them.US president Trump wants Iran to at least commit to a baseline guarantee on nuclear/uranium. And that sees a constant change in the terms that both sides are seeking from the deal/MOU. As for Iran, they continue to defend that they will not make any commitments on nuclear/uranium. That led to chief negotiator Ghalibaf blasting the US for “frequent changes” to the agreement terms.Both sides continue to maintain that they are “very close” to signing off on a deal/MOU. But again as mentioned last week, nothing can be agreed until everything is agreed upon.It is not just one thing that needs to stick, there are four key terms that both sides need in order to proceed to the next step. And more importantly, these terms need to hold for the 60-day duration set out for the next round of negotiations.From last week:US and Iran know what the puzzle pieces are, but can they fit them all together?Deal or no deal? Markets continue to eye US-Iran headlines ahead of the weekend
This article was written by Justin Low at investinglive.com.

🔗 Source

💡 DMK Insight

The ongoing military tensions between the US and Iran are keeping traders on edge, particularly in the energy markets. With negotiations dragging on, any sudden escalation could spike oil prices, impacting everything from crude futures to related equities. Traders should be aware that geopolitical risks often lead to volatility, and the current standoff could trigger significant price movements in the short term. Look at the recent price action in crude oil; if it breaks above key resistance levels, we might see a rally that could affect not just oil but also currencies tied to oil exports, like the Canadian dollar. Conversely, if talks progress and tensions ease, we could see a pullback. Keep an eye on the daily charts for crude oil and related ETFs, as well as any news from the negotiations. The real story here is how quickly sentiment can shift, so stay nimble and ready to react to headlines.

📮 Takeaway

Watch for crude oil prices; a breakout above resistance could signal a rally, while easing tensions might lead to a pullback.

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