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[MARKET UPDATE] Futures resume trading with mild optimism as US sent a revised draft agreement to end the war in response to Iran's latest proposal; ES +0.2% (+15 pts), WTI Jun -2.0% (-USD 2.0/bbl), T-note futures +19 ticks, spot gold +0.3% (+USD 12/oz)

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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