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  • The Swiss government confirms that the plan still stands for the US, Iran, Pakistan and Qatar to meet on Friday in Switzerland to commence talks. 
  • Furthermore, Al Hadath added that the talks will include the legal aspects related to lifting Iranian sanctions, the issue of frozen funds and the Iranian nuclear file. A Lebanese source also stated that negotiations will discuss Israel's withdrawal along with a timetable for the experimental zone.
  • SNB and...
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  • Fed held rates but removed forward guidance completely while the SEPs showed 9 members anticipate a 2026 hike, sparking a hawkish reaction.
  • US stocks finished lower, USD bid and the US yield curve bear flattened. Markets returned to fully pricing in a 25bps hike by end-2026.
  • However, a portion of this unwound in APAC trade as oil prices moved lower following the US and Iran signing the 14-point agreement digitally; move capped as talks in Switzerland on Friday are...
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  • An informed source told Tasnim that Bloomberg's alleged text of the US-Iran MoU is not accurate, but that the finalised text will be published after the signing on Friday. However, it was initially stated that it would not be published. 
  • US equity futures gain steadily; Germany's DAX 40 underperforms, weighed by BMW's guidance cut.
  • DXY flat, G10s mixed; SEK softer despite Riksbank forecasts of a greater chance of a rate hike.
  • Fixed...
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  • The US will allow Iran to immediately begin selling oil and fuel under the deal to end the war, offering Tehran an early financial incentive to wind down the conflict, WSJ reports, citing sources.
  • Iran and Oman are already talking about how they will manage the Strait of Hormuz, as laid out in one of the reported points. They want to charge a "fee" for the management "services”, NYP reports, citing sources.
  • IDF is prepared to stay in southern Lebanon for a...
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  • The BoJ hiked rates to 1.00%, as expected, while the RBA left rates unchanged at 4.35% following three consecutive 25bp rate hikes. 
  • Qatar is to restore half of its LNG output a month after the Strait of Hormuz opens, with output to reach 80% of full output within two months.
  • US equity futures are mixed, while SPCX (+10.2% pre-market) looks set to surpass AMZN's market cap.
  • DXY softer amid pressure in energy prices; JPY and AUD flat...
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  • US President Trump said the Hormuz deal is fully signed and that the Strait of Hormuz has already partially reopened, with a complete reopening expected on Friday.
  • The US claim that Lebanon is not included in the memorandum of understanding is false, reports Fars, citing sources.
  • Israeli artillery shelling was reported in southern Lebanon, while it was also reported that Hezbollah fired rockets at Israeli soldiers in the region.
  • APAC stocks...
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  • The US and Iran have reached a framework peace agreement; the US will lift its naval blockade, whilst the Iranians will reopen the Strait of Hormuz. The Pakistani PM suggested it would be signed in person on Friday, 19th June; Brent Aug’26 -4.5%.
  • The deal includes the termination of military operations on all fronts, including in Lebanon. Israel's Katz said that they would not withdraw from Lebanon. 
  • US equity futures bid amid the constructive risk tone;...
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  • The US and Iran have reached a framework peace agreement; the US will lift its naval blockade, whilst the Iranians will reopen the Strait of Hormuz. The Pakistani PM suggested it would be signed in person on Friday, 19th June; Brent Aug’26 -4.3%.
  • The deal includes the termination of military operations on all fronts, including in Lebanon; Israel has yet to comment on the latest deal.
  • Iran’s Deputy Foreign Minister said talks are contingent on the release of assets...
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  • MON: G7 Summit (15-17 Jun), German Wholesale Prices (May), Indian WPI (May), EZ Industrial Production (Apr), US Industrial Production (May)
  • TUE: BoJ Policy Announcement (Jun), RBA Policy Announcement (Jun), G7 Summit (15-17 Jun), Chinese Industrial Production (May), Retail Sales (May), Unemployment Rate (May), Italian HICP Final (May), EZ/German ZEW Survey (Jun), US ADP Employment Change Weekly, US Building Permits (May), US Import Prices (May)
  • WED: Fed...
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  • Iran's Mehr News reports that the US-Iran MoU includes the reopening of the Strait of Hormuz, lifting oil sanctions, and releasing frozen Iranian funds. The draft is still being reviewed. Brent -4.1%.
  • The US and Iran deal signing could occur around the June G7 meeting in Geneva (June 15th - 17th).
  • Global equities gain on the constructive risk tone, SPCX set to debut today.
  • DXY rangebound, EUR holds above 1.1580 despite...
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  • US President Trump said we made a great settlement of war with Iran, signing will probably happen in Europe and soon; Brent -2.0% at USD 88.50/bbl.
  • Israel is not a party to the MOU, though PM Netanyahu expressed his appreciation to the US' commitment, CBS reported. Iran is reportedly yet to come to a final conclusion on the deal.
  • APAC stocks rallied in a continuation of the strength from Wall St. on the settlement report and despite the Israeli & Iran...
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  • The US and Iran exchanged another round of strikes overnight, resulting in Iran announcing the complete closure of the Strait of Hormuz, effective immediately, and threatening to hit any vessel crossing the Hormuz.
  • However, an Iranian source told Reuters that Iran and the US are still in negotiations over a preliminary deal, which includes a mechanism for unfreezing funds. 
  • US equity futures pare Wednesday's losses ahead of SPCX IPO...
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  • US CENTCOM launched fresh strikes on multiple targets in Iran, which have since been “completed”. In retaliation, Iran struck 18 US military targets in two waves, and multiple explosions were reported at US bases in Kuwait and Bahrain.
  • Speaking on Wednesday (US time), US President Trump stated that Iran must choose between war or a new deal and warned, “we'll bomb them to rubble tomorrow night” if there is no deal.
  • Iran said the Strait of Hormuz was declared closed...
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  • US launched fresh strikes on Iran in response to Monday’s downing of an Apache helicopter; the mission was a “proportional response” to Iranian aggression, while President Trump called it “very strong and powerful”.
  • Iran responded with attacks on US bases in Bahrain, Kuwait and Jordan; Brent Aug’26 U/C.
  • A White House senior official said nothing has changed in their position regarding an agreement with Iran, and it is still close despite the...
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  • US launched fresh strikes on Iran in response to Monday’s downing of an Apache helicopter; the mission was a “proportional response” to Iranian aggression, while President Trump called it “very strong and powerful”.
  • Iran responded with attacks on US bases in Bahrain, Kuwait and Jordan; Brent Aug’26 +0.1%.
  • A White House senior official said nothing has changed in their position regarding an agreement with Iran, and it is still close despite the...
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  • US President Trump said they are negotiating with Iran, and a victory will happen very soon, while he stated they will declare total victory in two weeks.
  • US President Trump said Israel and Iran agreed to leave each other alone for another week.
  • US equity futures continue to gain; FTSE 100 underperforms as Pharma giants fall. 
  • DXY returns below 100.00 handle, Kiwi outperforms while GBP gains following strong BRC...
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  • US President Trump said they are negotiating regarding Iran and a victory will happen very soon; he stated they will declare total victory in two weeks; Brent Aug’26 -1.1%
  • Trump was said to have warned Israeli PM Netanyahu that if he turns escalation into war, he will be left alone against Iran. He also told the Israeli PM that if he does not get an Iran deal within a few days, he would lead the strikes on Iran.
  • A top Iranian official casted doubt on a deal being...
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  • Over the weekend, Israel struck Lebanese targets despite US President Trump urging Israeli PM Netanyahu to refrain from strikes. In retaliation, Iran launched missiles at Israel.
  • US President Trump has ordered Israel and Iran to immediately stop shooting. 
  • Crude futures jump (Brent Aug'26 +4.1%) following the renewed strikes, weighing on fixed income benchmarks.
  • European bourses slump after renewed Middle East strikes and further tech...
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  • Israel conducted airstrikes in Beirut, which led to retaliatory attacks by Iran against Israel. The Iranians warned that if Israel expands its Lebanon operations, it will deliver “devastating blows”; Brent Aug’26 +4.1%.
  • US President Trump said he was supposed to announce that a deal with Iran would be signed this week, and now this (in reference to the above airstrikes) is happening.
  • US President Trump said Israeli PM Netanyahu will have no choice but to accept...
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  • SUN: OPEC/JMMC Meeting (Jun)
  • MON: Japanese GDP (Q1), German Factory Orders (Apr), US Consumer Inflation Expectations
  • TUE: EIA STEO (Jun), South Korean GDP (Q1), UK BRC Retail Sales (May), Australian Westpac (Jun), Chinese Balance of Trade (May), German Balance of Trade (Apr), German Imports (Apr), Mexican Inflation (May), US ADP Weekly Change, Exports/Imports, Canadian Exports/Imports (Apr), Existing Home Sales (May), Wholesale Inventories...
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  • Iran has informed Pakistan of its acceptance of transferring part of its uranium to a third country that agrees to it. However, Al Arabiya followed up by stating that the US still refuses Iran's request to release its frozen funds.
  • US equity futures tilt negative as AVGO AI revenue guidance continues to infect the tech space. 
  • G10s firm against the Buck into NFP, expectations of 85K.
  • Tentative action across fixed benchmarks, while...
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  • US President Trump said that Iran talks are going well. He reiterated that almost all of Iran's leadership has been wiped out; Brent Aug’26 +0.4%.
  • Washington has demanded that Tehran deliver its response before the end of the week, and stated no progress in negotiations between Iran and the US, Al Hadath reports, citing Israeli Channel 12. Washington warned Tehran, “either an agreement or a military strike”.
  • Ukrainian President Zelensky sent a letter to Russian...
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  • An informed source to Al Arabiya said the agreement on the release of frozen Iranian funds in its final stages, but the search continues for a mechanism on frozen funds. However, US President Trump informed the mediators of his refusal to release funds to Iran before signing the agreement.
  • Israel and Lebanon agreed to a ceasefire in US-brokered talks, with the ceasefire contingent on Hezbollah's evacuation from the Litani. Despite this, there have been reports of continuing attacks in...
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  • US President Trump said they have been hitting Iran pretty hard and Iran negotiations are going well, while he suggested a deal could happen over the weekend. Though noted that it could go another two or three weeks, Brent Aug’26 -0.7%.
  • Talks between Iran and the US were reportedly still ongoing, and no final decision had been made, according to Fars, citing a member of Tehran’s negotiating team.
  • An Iranian negotiating delegation media team member outlined a...
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  • The US struck Iran’s Qeshm Island, which was then met with retaliatory Iranian strikes on US bases in Kuwait; explosions were also reported in Saudi Arabia, and air sirens were set off in the UAE. US CENTCOM said that the Iranian drone attacks were “successfully defeated.”
  • US proposed new tariffs of at least 10% on imports from 60 trading partners following Section 301 investigation. 
  • Crude (Brent +2.7%) rebounds as US and Iran’s flare-up ripples through the...
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