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Geopolitics

[MARKET UPDATE] Risk-on move as Iranian State TV reports draft of the initial unofficial framework for MoU with US; Brent loses around $2/bbl, equities and fixed income bid, high-beta FX boosted

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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