Morning update - The Middle East is back in the spotlight 📡
And this time - Trump surprises! ☢️
It seems he is doing everything to tie up loose ends for a deal with the Iranians. 🤝
Here are all the important details:
After Trump stayed at the White House to work over the weekend - and the whole world was sure the goal was a massive attack on Iran - yesterday Trump updated the world that everyone - was wrong?! 🤌
In a post on his social network, he writes:
I am currently in the Oval Office of the White House. I have just concluded a very productive conversation with Mohammed bin Salman Al Saud, Crown Prince of Saudi Arabia, Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, Tamim bin Hamad bin Khalifa Al Thani, King of Qatar, Mohammed bin Abdulrahman bin Jassim bin Jaber Al Thani, Prime Minister of Qatar and Minister Ali Al Tawadi, Sayed Asim Munir Ahmed Shah, Marshal of Pakistan, Recep Tayyip Erdoğan, President of Turkey, Abdel Fattah el-Sisi, President of Egypt, Abdullah II, King of Jordan, and Hamad bin Isa Al Khalifa, King of Bahrain, regarding all matters related to the Memorandum of Understanding (MOU) with the Islamic Republic of Iran and 'peace'.
The understandings between the United States, the Islamic Republic of Iran, and the aforementioned countries have been largely completed, and are now in the finalization stage.
In addition, I also spoke with the Prime Minister of Israel, Benjamin Netanyahu, and that also progressed very well.
The final aspects and details of the negotiations are currently under discussion and will be announced soon. In addition to the various elements of the agreement, the Strait of Hormuz will be opened.
Thank you for your interest in the matter! In short - a deal with the Iranians is closer than ever. 🤝
And although at least one of Trump's statements has already been denied by the Iranians - ("The Strait of Hormuz will remain under Iranian control") - investors now believe this conflict is heading towards a very short-term resolution. 🤝
This is what the agreement looks like according to Axios:
Extension of the ceasefire for 60 days. 🤝
Opening of the Strait of Hormuz: Resumption of movement in the strait for logistics restoration. 🛥
Approval of free oil sales: Iran will be able to freely export oil in the international market. 🛢
Negotiations on the nuclear program: Further negotiations will be held to prevent nuclear development in Iran. ☢️
Everyone is wondering about Trump's compromise - but publications from the last few hours reveal what's really behind this agreement! 🤫
According to reports from the last few hours, Iran has softened its stance regarding the delivery of enriched uranium -
And is expected to negotiate the delivery process - and in return will receive relief from US sanctions and the unfreezing of billions in funds. 💵
In response to the news - weekend futures are reacting with sharp gains - the Nasdaq is up about 1.2% while oil is down about 6%. 🔽
If the agreement truly comes to pass -
Markets are expected to open the week with sharp gains following the good news of the conflict's end and the Nvidia report effect, which proved that the artificial intelligence revolution is at its peak. 💵
Have a successful week, dear friends! ⚜️