U.S. Stock Market Developments

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I=7
S&P 500 futures rise 0.95% while Nasdaq 100 futures are up more than 1.5% after U.S. signed memorandum of understanding deal with Iran

Israel-Iran Conflict

I=7 President Trump signs memorendum of understanding with Iran, key terms include: Iran agrees to restore commercial shipping through the Strait of Hormuz while the U.S. removes its naval blockade. The U.S. commits to gradually lift sanctions and immediately issue waivers allowing Iranian crude exports, banking, insurance, and shipping activities. Iran reaffirms it will not develop nuclear weapons, agrees to address its enriched uranium stockpile, and freezes its nuclear program while both s…