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Today, markets are growing increasingly hopeful that tensions will ease further in the Middle East conflict.
The media has reported fresh discussions between the US and Iran for another round of ceasefire talks, after last weekend's negotiations in Islamabad collapsed.
Despite the ongoing US blockade on the Strait of Hormuz, the latest news is fostering some risk-on moves across global financial markets:
WTI Crude Oil (Bybit: USOUSD): -1.8%, back below $100/bbl once more