NEW YORK TIMES:
- Iran offered to suspend their nuclear enrichment program for 5 years. JD Vance asked for 20.- Trump rejected the 5 year offer.- A second round of talks are likely, potentially in Pakistan again, by the end of this week.Um…how is this not bullish?The fact that Iran even offered a 5-year suspension means they are WILLING to talk. The US obviously wants more years, but all the market cares about is that a deal is reached. Maybe we settle at 10 years, maybe 20. The point is…this might now become a question of WHEN a deal is reached vs. IF it is reached.Seems like that’s what the market priced in today as well as we went up 1% and continued the best stretch of momentum since October 2025.Source: amit
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