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[MARKET UPDATE] Earlier Trump-induced price action unwinds as Iranian media reports of no direct talks between US and Iran; Brent re-approaches USD 106/bbl to the upside, US equity and T-note futures pare back some gains, DXY edges higher

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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

Geopolitics

US Treasury official says the latest removal of sanctions on Iran is not indicative of any shift in US policy toward the Government of Iran, Fox's Heinrich reports

Fed

Fed's Kashkari (2026 voter, Hawkish dissenter) says now is the time to start slowly moving up rates, but not calling for dramatic rate hikes