The United States and Iran have signed a framework agreement aimed at de-escalating the ongoing conflict between the two nations, according to multiple media reports citing unnamed sources.
The deal, described by some outlets as a declaration of intent, follows intense diplomatic backchanneling and marks a sharp reversal from just 48 hours ago, when Tehran accused Washington of breaching a ceasefire and Washington labeled recent Iranian strikes as defensive.
The sudden diplomatic shift has immediately recalibrated global risk sentiment.
Geopolitical risk premiums that had been inflating energy prices and pressuring equity valuations are now expected to unwind as markets price in a lower probability of near-term military escalation.
Traders are closely monitoring the specifics of the framework to assess the durability of the de-escalation and its implications for regional supply chains.