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Officials confirmed a mutual pause in strikes between the U.S. and Iran. The two sides are scheduled to meet later this week.
theiranproject.comOfficials announced that the U.S. and Iran have agreed to halt strikes against each other. The same officials stated the two sides will hold direct talks later this week.
The news emerged one hour before U.S. stock market futures were scheduled to reopen. Market participants received the information ahead of the trading session.
The agreement covers a mutual pause in strikes.
The two sides are also set to meet later in the week.
“U.S. AND IRAN AGREE TO HALT STRIKES AND MEET THIS WEEK, AXIOS REPORTS CITING U.S. OFFICIALS" — Axios, via @DeItaone No further details on the location or participants of the planned meeting were released in the initial reports.”
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Brent crude gained 1.9 percent at the open while U.S. stock-index futures advanced modestly. Markets reacted to reports of renewed airstrikes between the United States and Iran.
theiranproject.comThe U.S. and Iran agreed to halt attacks on each other one hour before U.S. futures markets opened. Officials from both sides will meet Tuesday in Qatar's capital to address their dispute over the Strait of Hormuz.