US President Trump to ease sanctions on Iran over nuclear progress

Al Jazeera reported that US President Donald Trump is prepared to ease sanctions on Iran and to unfreeze its assets in exchange for progress on nuclear talks.

Additionally, an X post from Barak Ravid, an Axios correspondent, said that a US official told him that “President Trump is willing to give Iran sanctions relief and release frozen funds for concrete progress on nuclear.”

Market’s reaction

• West Texas Intermediate (WTI) is reversing its course after posting gains of more than 3%, edging towards its opening price.
• The US Dollar Index (DXY) trimmed its earlier gains of over 0.20%, and trades at 101.12, up 0.09%.
• Gold price (XAU/USD) bounced from around $4,110 lows, to $4,136, but it remains posting losses of over 3.45%.