The White House indirectly denied a reported draft memorandum of understanding between the U.S. and Iran, easing geopolitical tensions.
The White House Rapid Response account on X dismissed reports from Iran’s state TV regarding a draft memorandum of understanding (MoU) between the U.S. and Iran. The denial follows earlier claims that had sparked speculation about potential diplomatic developments during the trading session.
Prior to the denial, markets had reacted cautiously to the initial report, with oil prices and defense stocks showing slight volatility. The S&P 500 remained largely unaffected, as investors awaited official confirmation or clarification on the matter.
No immediate market reaction was observed post-denial, though geopolitical risk premiums in commodities may ease further if tensions subside.