The core of the agreement draft between the US and Iran this time is a phased de-escalation of the risk of Middle Eastern geopolitical conflicts, which has played a significant role in easing uncertainties in the global market, with an overall positive signal: $ETH

The provisions in the agreement, including a comprehensive ceasefire, guarantees of navigation through the Strait of Hormuz, and the gradual lifting of sanctions on Iran, directly reduce the risk of escalation in the Middle East situation, alleviate market concerns about energy supply and shipping route disruptions, and also weaken the demand for safe-haven assets, creating a more relaxed macro environment for risk assets. Meanwhile, the expected increase in crude oil supply resulting from the lifting of sanctions will further ease inflationary pressures and indirectly strengthen market expectations for accommodative policies. However, it should be noted that the implementation details of the agreement and the compliance of all parties remain potential variables; if setbacks occur during the process, market sentiment could still fluctuate, and ongoing attention should be paid to developments after the draft is announced.