Reports of Potential U.S.-Iran Draft Deal Trigger Market Shift

Diplomatic reports suggest that the U.S. and Iran may be reviewing an initial draft agreement aimed at de-escalating maritime and nuclear tensions. The proposed framework reportedly includes the reopening of the Strait of Hormuz, a reduction in the presence of foreign military forces near Iranian borders, and potential sanctions relief. In exchange, Iran would be required to halt its nuclear program. Global oil markets responded to the news with a price drop as traders weighed the possibility of reduced supply risks in the region. Despite the reporting, both sides maintain a high level of skepticism. President Donald Trump reportedly told a cabinet meeting that the U.S. remains 'not confident' in the current trajectory, asserting that the military is prepared to 'finish the job' if diplomacy fails. Meanwhile, officials from the Iranian Foreign Ministry and the Revolutionary Guard have issued warnings that any violation of a potential ceasefire would be met with a firm and immediate response. No independent verification of a finalized agreement has been provided by international monitors.