Morning Bid: Peace now or maybe later?

The U.S. and Iran reportedly agreed on a memorandum of understanding to end hostilities and reopen the Strait of Hormuz, a critical chokepoint for global oil shipments. The development is positive for risk assets and could ease energy-market disruption fears, although the deal is described as preliminary and not yet fully formalized.

Analysis

The U.S. and Iran reportedly agreed on a memorandum of understanding to end hostilities and reopen the Strait of Hormuz, a critical chokepoint for global oil shipments. The development is positive for risk assets and could ease energy-market disruption fears, although the deal is described as preliminary and not yet fully formalized.