Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.
The global markets rollercoaster resulting from the U.S. war with Iran continued on Tuesday, with Wall Street rallying sharply on renewed hopes that the conflict could be moving towards a resolution.
Those hopes were fueled by an announcement from the White House that President Donald Trump will deliver an address “to the nation to provide an important update on Iran” at 9 p.m. ET Wednesday.
But, we’ve been here before: Optimism builds, markets rally, but then reality intrudes. Can this recent positive sentiment last, or are we just building up to more drops and loops?
A wave of reports on Tuesday suggested that Washington and Tehran may be exploring paths to end their conflict, including an unconfirmed report that Iranian President Masoud Pezeshkian is open to ending the war if guarantees are provided.
