Iran pushes back on the deadline
Tehran's statement matters because it defines the scope of the deal. Iran said the MoU doesn't impose a binding 60-day deadline. That's a softer framing than the initial reports, which described the extension as agreed. In practical terms, the difference is real. A binding deadline commits both sides to a timeline; an understanding leaves room for interpretation. Traders who chased the first headline may have overpaid for certainty that isn't there.
The timing of the denial matters too. It came after the market had already moved, which means the first reaction was based on the ceasefire report alone. The clarification arrived later, and the price action since then reflects a market trying to figure out which version is accurate.
Oil rebounds on fresh tensions
Oil rebounded, and the driver was a different part of the same story. Iranian drones hit the office of the Kurdistan Region, a strike that keeps Middle East tensions elevated even
