The memorandum of understanding for the Iran conflict seems to be holding, with the signing in Geneva inching closer without a reversal so far.

The proposed deal will see the Strait of Hormuz opened, and the U.S. naval blockade lifted, in effect ending the conflict.

U.S. and Iran Have Reached a Deal to Stop Fighting, Reopen Shipping

Iran peace deal sparks a global relief rally in stocks amid hopes that the end of the war will ease the energy crisis impacting economies worldwide.

Commission chief Urusula Von der Leyen emphasized reopening the Strait of Hormuz should be a priority.

Prime Minister Mark Carney is heading to Evian-les-Bains in France for the G7 summit, a day after U.S. President Donald Trump announced an agreement was reached to end the conflict

Trump's US-Iran framework deal to reopen the Strait of Hormuz and extend ceasefire could reshape crypto risk appetite as G7 summit begins.

As investors look to the formal signing of the Iran deal on Friday, equities are hitting fresh highs, oil is down and yields are pulling back.

U.S. President Donald Trump will meet his G7 counterparts as his memorandum of understanding with Iran goes under the microscope with other world leaders.

The memorandum of understanding for the Iran conflict seems to be holding, with the signing in Geneva inching closer without a reversal so far.