IRAN'S FOREIGN MINISTER SAYS NEGOTIATIONS BETWEEN U.S. AND IRAN WILL START ON THE SAME DAY THE MOU BETWEEN THE TWO IS SIGNED
IRAN'S FOREIGN MINISTER: AFTER FIRST PHASE, NEGOTIATIONS WILL CONTINUE FOR 60 DAYS FOR A FINAL AGREEMENT WHICH WILL INCLUDE NUCLEAR ISSUE AND LIFTING OF SANCTIONS
📊MARKETS BET FED WILL HIKE AGAIN
Investor expectations for a Fed rate hike are rising. Bank of America’s June fund manager survey shows 40% expect at least one hike in the next 12 months, up from 16% in May. Rate-cut hopes fell sharply, with only 28% expecting cuts versus 50% last month. Prediction markets also show growing odds of a Fed hike before 2027.
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HORMUZ SHIPPING RESUMES GRADUALLY AS DEAL PROGRESSES
Iran says the blockade of the Strait of Hormuz has eased, with a limited number of vessels allowed through ahead of the US-Iran deal signing, according to Deputy FM Majid Takht-Ravanchi. Ship tracking and reports show several tankers and cargo vessels transiting in recent hours. US officials say the waterway is reopening under the agreement, with full normalization expected after final signing and technical implementation.