Middle East, finally seeing a window of de-escalation.

Iran says the framework has entered the final stage.
The US-Iran agreement may be coming soon.
But the market shouldn't pop the champagne too early.
Latest reports indicate that Iran has stated the framework text for reaching an agreement with the US is in the final drafting stage. Multiple sources also mention that both sides are continuing negotiations on extending the ceasefire, reopening the Strait of Hormuz, nuclear issue arrangements, sanctions relief, and phased release of frozen funds. (Financial Times)
This matter is very critical to the market. Because if the peace agreement truly advances, the first assets to be re-priced will be crude oil, gold, the US dollar, and risk assets. As Middle East risks decrease, oil price pressures ease, and inflation expectations may cool down, which could be a potential positive for BTC, tech stocks, and high Beta assets.
But the problem is, neither side has actually signed yet. The US still demands Iran address issues related to highly enriched uranium and nuclear facilities, while Iran continues to emphasize it will not give up its "national rights," and remains distrustful of US intentions. (Reuters)
So, it’s not that peace has already arrived.
It’s the most critical final step.
What’s truly worth watching is not:
Whether the agreement is almost finalized.
But:
Who will make the first concession before the final signature.