Sky News Arabia reported that Iran’s Deputy Foreign Minister said “Iran is ready to abandon its nuclear program on condition that the United States presents a satisfactory alternative offer“.

Yesterday, we got the news that Iran has been secretly contacting the US to reach a deal and end the conflict, although Iran dismissed those reports as fake news.

These are clear signs of de-escalation, and we might just need the US or Israel saying that they reached their objectives to see the markets cheering.

Following the Deputy Foreign Minister comment, the markets reacted in a positive way as stocks jumped, while the US dollar and crude oil weakened.