June S&P 500 E-Mini futures (ESM26) are up +0.46% this morning, extending yesterday’s gains as fresh signs emerged that the U.S. and Iran are moving closer to a peace deal.
Iran’s semi-official Mehr news agency reported that a draft agreement consists of 14 provisions. These include the reopening of the Strait of Hormuz within 30 days, the release of $24 billion in frozen Iranian assets, and 60 days of negotiations over nuclear issues. Iran’s foreign ministry told state-run media that a framework text was close to being finalized. Bloomberg reported on Friday that the agreement could be signed as early as Sunday in Geneva, Switzerland.
