REAR VIEW: US and Iran have reached an agreement on a 60-day MoU to extend the ceasefire, Axios reports, but Tasnim later pushes back on claims; Cooler-than-expected April US PCE; Initial jobless claims hovers around 215k; SARB hikes rates 25bps, as expected; Fed's Williams said monetary policy is well positioned, where the Fed wants it to be; US struck an Iranian military site in Bandar Abbas.

US forces conducted self-defence strikes in southern Iran on Monday; Iran's IRGC says Iran has the right to respond to respond to any US ceasefire breach; Rubio said Iran…

LONDON, May 27 : Global shares advanced and oil prices eased on Wednesday as markets looked for signs of whether a shaky truce between the United States and Iran will be…