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[MARKET UPDATE] Oil prices continue to climb with Brent crude back above USD 100/bbl and WTI breaching USD 95/bbl as oil disruptions continue due to ongoing conflict, which has spurred further downside in equities

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)