Significant positive news has emerged following the closing of the A-share market, concerning negotiations between the United States and Iran.
On the afternoon of June 12th, international oil prices experienced a sharp, immediate decline.
Concurrently, European stock markets surged, and U.S. stock futures saw a rapid upward movement in pre-market trading.
The catalyst for these market moves is a report from Iranian state media outlining a draft memorandum of understanding between the U.S. and Iran. The reported draft includes U.S. commitments to lift sanctions, withdraw military forces from areas around Iran, end a maritime blockade, open the Strait of Hormuz, cancel oil-related sanctions, and unfreeze Iranian assets.
The report further stated that the U.S. would be obligated to provide an economic reconstruction plan for Iran. It indicated that final negotiations between the two nations should focus on nuclear and economic issues, explicitly excluding Iran's missile program from the discussion. This draft document is pending final confirmation by the relevant authorities.
According to a report from Iran's Mehr News Agency, the 14-point draft memorandum stipulates that final negotiations will only commence after half of Iran's frozen funds are released, sanctions on Iranian oil are suspended, and the maritime blockade of the Strait of Hormuz is lifted.
U.S. President Donald Trump commented on Thursday, stating that the U.S. had "just reached a great reconciliation regarding the war with Iran," and that the process now required "finalizing the confirmation of the documents." He added that the agreement is expected to be signed "within the next few days."
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