⚡️ BREAKING: The U.S. and Iran are reportedly closing in on a deal to EXTEND the current ceasefire by 60 days, according to the Financial Times.
The proposed framework could include a gradual reopening of the Strait of Hormuz, discussions around Iran's enriched uranium stockpile, and phased sanctions relief.
Why does this matter?
A longer ceasefire dramatically lowers the odds of an immediate military escalation in the Middle East.
That means less pressure on oil prices, reduced global market uncertainty, and a potential boost for risk assets.
But key disagreements remain, and nothing is finalized yet.
The next few days could determine whether the region moves toward diplomacy... or back toward conflict.