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We anticipate that the 14-point US-Iran agreement will reshape market expectations and oil dynamics

Executive summary: The United States and Iran have agreed on a 14-point framework to conclude their conflict, with plans to formalize the peace treaty in Switzerland on Friday. The accord could lower oil prices, lift Asian market sentiment, and open pathways for broader economic normalization.

Who is involved: Iran, the United States, and indirectly international markets and regional economies.

Likely next: Negotiations will move toward a permanent treaty, with monitoring of oil supply and market reactions; any delays could stall the expected price decline.

The United States and Iran have drafted a 14-point framework to end hostilities, with a formal signing ceremony planned in Switzerland on Friday. The agreement centers on reopening the Strait of Hormuz and sets conditions for a permanent peace treaty. If realized, it could lower oil prices and boost Asian equity markets. The deal is being positioned as a catalyst for broader economic relief, especially for Germany.

What's next — scenarios

Diplomatic Breakthrough (Base Case) (50%)

Global energy volatility decreases as the Strait of Hormuz risk premium evaporates.

Geopolitical Escalation (Downside) (30%)

Oil price spikes and defensive rotation into safe-haven assets like Gold and USD.

Market Euphoria (Upside) (20%)

Aggressive capital inflows into Asian equities and Eurozone industrial stocks (Germany).

What to watch

Timeline

Analysis — what this means

Likely next events

Sectors affected

Regulatory implications

Historical parallels

Key entities

Sources

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