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Markets briefly jumped after reports the U.S. and Iran had agreed to a 60-day memorandum to extend the ceasefire, though the deal still awaits Trump’s approval. Hours later, Iranian state media reported missile launches.
At the time of writing, Brent crude (CM:BZ) slipped about 0.73% to nearly $92.94 a barrel, while WTI crude (CM:CL) fell around 0.81% to $88.16.
In the regular trading session, all three major U.S. indices closed at record highs for a second straight day after monthly inflation came in softer-than-expected. The Nasdaq, the S&P 500, and the Dow rose 0.9%, 0.6%, and 0.1%, respectively. Importantly, the Nasdaq and the S&P also hit new intraday highs.
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