Trump Says Iran Deal May Be Signed Within Days, Cites Positive Stock-Market Reaction
Summary
- President Donald Trump said an agreement with Iran could reach the signing stage within days.
- Trump said the stock market was reacting positively to the Iran deal framework he had announced.
- Expectations are growing for progress in negotiations between the US and Iran, but uncertainty remains because a final signing and formal approval procedures are still outstanding.
Forecast Trend Report by Period
President Donald Trump said a deal with Iran could reach the signing stage within days, though Iran has yet to officially confirm that.
The New York Times reported on June 11 that Trump, speaking at an event in the Oval Office, said the stock market was responding positively to the Iran deal framework he announced a day earlier.
The signing would happen quickly, Trump said, adding that it could come within the next few days and that New York could be the venue.
Trump had previously said US-Iran negotiations were effectively in their final stage and that he had canceled a planned strike on Iran.
Iran's semi-official Fars news agency, however, reported that the US had accepted language proposed by Tehran. It said approval was likely, but the two sides had not yet reached a final agreement on the text of a memorandum of understanding.
Expectations are rising in the market for progress in US-Iran negotiations. Still, uncertainty remains because a final signing and formal approval procedures in both countries are still pending.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
