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Market AnalysisIMPORTANT

[MARKET UPDATE] Equities come under pressure. Driven by energy upside (IEA recommendation as exp., Axios cites officials looking for at least two more weeks of Iran strikes), and as yields tick higher (driven by energy & the morning's hawkish ECB remarks)

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Today's market highlights

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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

Geopolitics

Only 'one or two issues' remain unresolved in Iran-Oman talks, a senior diplomatic source tells Al Jazeera