There are some positive ticks on this., which cites a senior official from Iran talking to Reuters.
In terms of the two week proposal, White House press secretary Karoline Leavit tells Axios: The President has been made been aware of the proposal, and a response will come.
We have seen the S&P 500 rise to 6606 from 6585 on the headline but ‘positively reviewing’ it is a strange turn of phrase. Does it mean reviewing it or is positive about accepting it? It certainly sounds like good news but it’s a really dangerous moment so we will have to see.
I have some faith that JD Vance was laying the groundwork for a deal when he said that the military objectives were complete and a deal was near earlier today. That said, I’ve also seen videos of bombs striking bridges in Iran today and there are plenty of reports of Iran striking back as well.
It’s extremely tough to have any reasoned conviction about what will come next but as an optimist, I’d hope we can end this war and move on to trading on the economy or corporate fundamentals instead of this. It has been an ugly series of non-stop headlines, leaks and misinformation.
This article was written by Adam Button at investinglive.com.