Major US-Iran Agreement: 60-Day Ceasefire Across All Fronts Triggers Market Shifts

Deep News16:15

According to reports, a member of Iran's National Security Council stated on the 27th that, based on a preliminary draft agreement between Iran and the United States, the U.S. side has committed to implementing a comprehensive ceasefire across all fronts for 60 days during the first phase, particularly within Lebanon.

Precious metals and oil prices collectively declined. As of 15:38, spot gold fell below the $4,500 mark to $4,481.96 per ounce, while spot silver dropped over 2.5% to $74.93 per ounce. International oil prices also saw significant declines, with U.S. crude oil falling more than 3% to $91 per barrel and Brent crude dropping over 2% to $94.37 per barrel.

U.S. stock index futures rose across the board, with Dow Jones futures up 0.26%, Nasdaq futures up 0.18%, and S&P 500 futures gaining 0.13%.

In related developments, a political deputy of the Islamic Revolutionary Guard Corps Navy stated that the United States attempts to engage with Iran through threats and pressure, but the Iranian people will not accept "threatening language." He noted that in the so-called "post-war period," Iran has demonstrated a new national image to the world, proving that "the enemy is not as strong as its propaganda suggests."

The official also claimed that the United States has suffered a "strategic failure" on the issue of "reopening the Strait of Hormuz." He stated that while the U.S. claimed it could restore navigation through the strait, it "failed to achieve its goal" after the strait was blocked.

Furthermore, the official indicated that Iran's armed forces are prepared and issued a warning that "from Chabahar to Mahshahr will become a graveyard for aggressors," adding that "severe retaliation" would be carried out against "hostile forces."

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