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BREAKING: OIL JUST CRASHED BELOW $96 AND NASDAQ FUTURES HIT AN ALL TIME HIGH.
The White House is nearing a one page agreement with Iran to halt fighting and begin nuclear talks. Iran has 48 hours to respond.
No deal is final yet.
Core terms: Iran pauses uranium enrichment, accepts UN inspections, and curbs underground sites. The US eases sanctions and releases frozen assets. Both sides loosen restrictions on the Strait of Hormuz.
The market reacted instantly.
Oil crashed below $96 as Strait of Hormuz restrictions are set to ease.
Nasdaq futures up 1.9% to 28,344, a new all time high.
S&P 500 futures up 1.2% to 7,305, a new all time high.
Gold surged above $4,700 and Bitcoin touched $82,000.