Micro Crude Oil AUG7 (MCL2708) News

U.S.-Iran deal nears conclusion: Pakistani officials say Iran and the U.S. have agreed on the text; U.S. officials say there is no 100% certainty it will be signed; Iranian Foreign Minister says it could be signed remotely within days.

Trump first claimed on social media that Iranian media reports about the draft agreement were inconsistent with the facts, then reposted a statement by Iran’s Foreign Minister saying Tehran and Washington had never been closer to reaching a deal. The Iranian Foreign Ministry stated that Iran and the U.S. have already reached understandings on most issues, that Iran is currently reviewing the draft and is in the final stage of its internal review process, and that it expects to jointly issue a statement with Oman soon regarding the management of the Strait of Hormuz. Different sources have revealed varying versions of the agreement, differing notably on issues such as control of the Strait, nuclear matters, the unfreezing of Iranian funds, and war reparations. According to U.S. media, American officials said there is an 85% probability the agreement will be signed; upon signing, a 60-day technical negotiation period would commence, during which Iran would commit to permanently abandoning its nuclear program an

wallstreetcn05:43

No more idle weekend positions! CME Group embraces 24/7 trading, unveiling around-the-clock WTI crude oil and gold futures contracts.

CME Group plans to launch 24/7 trading for WTI crude oil and gold futures contracts.

Zhitong FinanceJun 12 11:02

Express News | International oil prices fell sharply on the 12th.

Breakings04:34

Will oil market's 'geopolitical premium' last much longer? Goldman Sachs: With oversupply prevailing, Brent crude to fall back to $80 by 2027

Goldman Sachs has revised down its forecast for the average Brent crude oil price in 2027 to $80 per barrel, primarily due to a dual pressure from upward revisions to supply and structurally weak demand. Although disruptions in the Strait of Hormuz persist, two offsetting factors—demand losses and pre-conflict supply surpluses—have significantly dampened the actual impact relative to theoretical expectations. Meanwhile, rising expectations of U.S.-Iran negotiations have prompted a pullback in crude oil prices.

wallstreetcnJun 12 23:52

Major turning point in Gulf tensions? UAE reportedly to unfreeze $10 billion for Iran in exchange for commitment to halt attacks

It has been reported that Iran has made similar funding arrangements to at least two other Gulf Arab states; sources indicated that the UAE has already completed an initial transfer of approximately USD 3 billion, while others stated that the total amount of unlocked funds amounts to USD 20 billion. Media outlets were unable to verify whether these funds belong to UAE state assets or represent long-frozen Iranian deposits held within the UAE banking system.

wallstreetcn04:02

Express News | Iranian Foreign Minister Araghchi: The management model of the Strait of Hormuz will not revert to its pre-war state. Sovereignty over the Strait of Hormuz belongs to Iran and Oman. Iran will ensure the safe passage of vessels through the Strait of Hormuz

Breakings03:36

Express News | Prime Minister of Pakistan: Confirms Final Text of U.S.-Iran Agreement Has Been Reached

Breakings00:33

Express News | Trump: The terms leaked by Iran to 'fake news' have nothing to do with the terms agreed upon in writing.

BreakingsJun 12 21:41

Express News | Iran denied reports that it would sign an agreement in Geneva on Sunday.

BreakingsJun 12 20:49

Report: The U.S. and Iran will reach a peace agreement during next week's G7 meeting, and the Strait of Hormuz may reopen within 30 days.

It is reported that the United States and Iran may reach an agreement in the form of a Memorandum of Understanding (MOU) around the time of the G7 summit, which could include arrangements such as reopening the Strait of Hormuz, lifting sanctions, troop withdrawals, and unfreezing assets.

wallstreetcnJun 12 18:06

Express News | Reports indicate that the U.S.-Iran Memorandum of Understanding stipulates the reopening of the Strait within 30 days.

BreakingsJun 12 16:18

Is there renewed hope for U.S.-Iran negotiations? Industry experts express optimism: Strait shipping volumes expected to recover swiftly

① U.S. President Trump stated that the U.S. and Iran have reached an excellent agreement, with the document now in the final drafting stage and expected to be finalized and signed within the next few days; ② The CEO of Norwegian tanker company Frontline said that if the U.S. and Iran reach a stable agreement, shipping traffic through the Strait of Hormuz will increase rapidly.

cls.cnJun 12 14:09

Express News | The United States and Iran have reached agreement on the text of a memorandum of understanding, which still requires final signature.

BreakingsJun 12 11:34

Historic transformation! The United States surpasses Saudi Arabia and Russia to become the world's largest oil exporter, with production tripling and reshaping the global energy landscape.

The United States has surpassed Saudi Arabia and Russia to become the world's largest oil exporter, marking a dramatic and disruptive reversal from decades of reliance on Middle Eastern oil.

Zhitong FinanceJun 12 11:00

CME Group Plans to Launch 'Around-the-Clock' Trading for Crude Oil and Gold—Will Weekends No Longer Fear 'Black Swans'?

CME Group has launched round-the-clock trading for crude oil and gold futures, proposing new contracts that trade 24 hours a day, seven days a week. The new crude oil contract will have a size one-tenth that of the existing Micro WTI futures and is scheduled to launch on August 30; meanwhile, the 1-ounce gold futures contract will begin round-the-clock trading on July 26.

Golden10 DataJun 12 09:02

Reversed within just a few hours! Trump says plans to strike Iran have been canceled, agreement largely finalized, and may be signed in Europe this weekend.

Trump posted that U.S.-Iran negotiations have been approved by Iran’s Supreme Leader, and the final terms have been approved by relevant parties including the U.S. and Israel. He added that the U.S. maritime blockade on Iran will remain in place until the agreement is finalized. Iranian media later stated that Iran has not yet approved any agreement text. Following Trump’s post, crude oil prices turned lower, at one point falling nearly 4%. Trump hinted that a major deal could be finalized within days, saying the Strait of Hormuz would be reopened immediately upon signing the agreement. The three major U.S. stock indices hit new daily highs, each rising at least 2%. Iran responded firmly to Trump’s earlier threats on Thursday of severe strikes and his remarks about seizing islands, warning that any further U.S. attack would trigger an even harsher response and that any miscalculation by the enemy would provoke retaliation beyond imagination.

wallstreetcnJun 12 07:55

Express News | Trump stated that the U.S.-Iran agreement has entered the final drafting stage and is expected to be signed this weekend.

BreakingsJun 12 03:33

Express News | International oil prices fell on the 11th.

BreakingsJun 12 03:29

Express News | Iranian media: The likelihood of Iran approving the text is very high.

BreakingsJun 12 03:17

Express News | Trump: Canceled tonight's strike on Iran; will announce the time and location for signing the agreement soon.

BreakingsJun 12 01:34