Trump administration says U.S.-Iran deal signing likely in coming days
After mediation by Pakistan's Prime Minister Shehbaz Sharif, the Trump administration said a possible U.S.-Iran deal could be signed in the coming days. Officials cautioned that the outcome is not yet 100% certain. The arrangement targets a safe reopening of the Strait of Hormuz and a further easing of oil prices.
Senior officials told CNBC that diplomatic contacts initiated by Pakistan's Prime Minister Shehbaz Sharif had reached a late stage and that the White House saw a signing in the coming days as likely. The wording offered was "not 100% certain but signals are positive". The framework reportedly covers secured passage through the Strait of Hormuz and limited oil sales.
MarketWatch reported that Brent crude slipped to about $84 a barrel after the Pakistani statement. Bank of America strategists said a durable accord could draw bid into bond yields and emerging-market currencies. Reuters cited Tehran sources saying the talks were layered on top of the seventh round held with Oman.
Analysts cautioned that expectations are being moderated ahead of a full signing. Eurasia Group's Ian Bremmer said "the parties appear to have accepted a diplomatic framework but Israel and Gulf capital sign-off is not yet included". This is not investment advice.
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