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      Markets Steady Ahead of US-Iran Peace Talks

      Oil prices showed signs of consolidation as markets prepared for upcoming peace talks between the United States and Iran in Islamabad. West Texas Intermediate (WTI) crude rose by 0.2% to $98.10 after briefly surpassing the $100 mark earlier in the session. The oil market faces significant implications if the negotiations do not yield positive results, particularly concerning the Strait of Hormuz.

      European stock indices experienced slight gains, with increases around 0.7% across major markets, while US futures remained flat following modest gains the previous day. The S&P 500 futures were unchanged as investors awaited further direction from Wall Street. In the foreign exchange market, the US dollar showed little movement, with the EUR/USD trading just above 1.1710 and the AUD/USD down 0.1% to 0.7170.

      In the bond market, US 10-year yields held steady at 4.29%. Precious metals also saw minimal changes, with gold priced at $4,763. Overall, the trading session reflected a sense of caution as market participants anticipated the outcomes of the US-Iran discussions, maintaining a wait-and-see approach.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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