"The Islamabad Memorandum of Understanding has never been closer," said Seyed Abbas Araghchi, Iran's foreign minister, minutes ago on X.

"Pending its finalization, the media should refrain from entering speculation about its content," he continued. "In line with our responsible and transparent approach, all details will be shared with the public in due course."

In continuing whipsaw action, the news has sent WTI crude oil to back near session lows under $85 per barrel. An earlier threatening post from President Trump had sent oil rising to above $87.

Bitcoin ($BTC ) is now up 2.2% over the past 24 hours at $64,100. U.S. stocks are posting modest gains as markets await the opening trades in SpaceX (SPCX) following its IPO.

BTC

62,676.26

+1.84%