U.S. and Iran Near Memorandum of Understanding to End Conflict
The U.S. and Iran are reportedly close to a 14-point memorandum of understanding to end their conflict and establish a framework for further nuclear negotiations, according to Axios. This development has led to a dip in oil prices and a rise in U.S. and Asian stocks. However, the ongoing energy crisis remains a concern for summer holidays in Asia and Europe.
Topics: energy crisis market reaction peace talks U.S.-Iran relations