What to know:
- Global risk assets rallied and oil prices slumped after reports of progress toward a U.S.–Iran memorandum of understanding aimed at ending the war.
- Bitcoin climbed toward $82,000 alongside a more than 1% rise in Nasdaq futures, while WTI crude futures fell about 6 percent to $95.28 a barrel.
- Hopes that a deal could normalize oil flows through the Strait of Hormuz lifted sentiment, though some analysts remain skeptical that Iran will make lasting nuclear concessions.
Stock markets around the world rose sharply on Monday, and oil prices fell dramatically, after news emerged of potential progress in peace negotiations between the U.S. and Iran. This positive development improved investors’ willingness to take risks.
Bitcoin continued its upward trend from earlier in the day, reaching nearly $82,000 during European trading. Meanwhile, futures for the Nasdaq stock index rose by over 1%, while WTI crude oil futures dropped 6% to $95.28 a barrel.
Reports indicate the U.S. and Iran are nearing an agreement to end the conflict, potentially outlined in a short, one-page document. Discussions have been taking place with U.S. representatives Steve Witkoff and Jared Kushner speaking with Iranian officials, both directly and through other parties.
The report suggests oil shipments through the Strait of Hormuz may soon return to normal. This key waterway has been reportedly blocked by mines laid by Iran. The disruption, which began in late February, has caused significant problems for energy markets globally, particularly in Asia.
The report suggests Iran might finally agree to ship its highly enriched uranium out of the country, something the U.S. has asked them to do for a long time, but which Iran has previously refused. However, some experts are skeptical that a lasting agreement will be reached, especially when it comes to concessions on nuclear issues.
ForexLive analyst Justin Low expressed doubt about the idea that Iran will compromise on its nuclear program, stating that they’ll need to observe future developments to know for sure.
Even the possibility of tensions easing caused a significant change in how traders were investing. They started buying riskier investments and selling off energy stocks, anticipating a decrease in global instability.
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2026-05-06 12:28