Daily brief
Oil prices fell over 1% on reports of a potential US-Iran ceasefire deal, with markets rising on optimism. The US plans to choke Iran's 'shadow oil' network under Operation 'economic fury'. A quarter of big oil tankers trapped by the Iran war have escaped. The Philippines received its first Iranian crude cargo since the Hormuz blockade.
Iran hosted a reconstruction and investment event amid signs of a US deal.
Japanese and South Korean stock markets soared on anticipation of an Iran deal.
Gold held gains as US-Iran truce hopes calmed inflation fears.
Citadel Securities posted a record $4.3bn in trading revenues on Iran volatility.