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Crude oil inventories fall -3.327 million versus -4.143 million estimate

Axios: US and Iran have reached a tentative 60-day Memorandum of Understanding

US new home sales for April 0.622 million versus 0.665 million estimate

US initial jobless claims 215K vs 211K expected

US Core PCE for April YoY 3.3% vs 3.3% estimate. MoM 0.2% vs 0.3% estimate

US April durable goods orders +7.9% vs +3.5% expected

Feds Williams: Higher productivity rates can raise real interest rates

Treasury Secretary Bessent: Have sanctioned Iran’s Persian Gulf strait authority

investingLive European markets wrap: Oil up, stocks down on continued US-Iran tensions

Iran says continues US strikes are violations of the ceasefire

Euro area economic sentiment picks back up a little in May but headwinds linger

What are the main events for today?