US-Iran Conflict and Diplomatic Breakthrough
Treasury Secretary Bessent hints deal could come 'today or tomorrow'; stocks climb, oil drops 5%. Iran denies direct talks but mediators Qatar/Oman/Pakistan key. Iran appoints Mohsen Rezaei to lead security council, signaling instability. Hormuz tensions continue with draft bill to bar US/Israeli ships. Market odds for ceasefire decreasing.
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Updated Aug 9, 2026