S&P 500 ▲ 7,473.47 (Fri) · Brent ▼ $100.21 · Gold ▲ $4,523.20 · VIX ▼ 16.7 (Fri) · 10Y UST ▼ 4.56% (Fri)
The US and Iran have reached terms for a sixty-day ceasefire extension that would reopen the Strait of Hormuz. Frozen assets unfrozen upfront. Enriched uranium stays in-country. In exchange, the US gets a pause, not a settlement.
Iran’s foreign ministr…