U.S.-Iran peace deal agreed

Kim Khan· Host0:00

[intro music] Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Monday, June fifteenth, and I'm your host, Kim Khan, filling in for Julie Morgan. The US and Iran have agreed to a peace deal to end the war, a move that will halt the US blockade and reopen the Strait of Hormuz. But the official text of the memorandum of understanding remains unpublished. Key details, including long-term access to the Strait of Hormuz, restrictions on Iran's nuclear program, and the situation in Lebanon have yet to be disclosed. President Trump told the New York Times he would resume military action if Tehran failed to reach a broader nuclear agreement with the US. Negotiations and a formal signing are scheduled for Friday in Switzerland. According to Iranian state-affiliated Mehr News, the fourteen-point draft includes an end to the war, including in Lebanon, the withdrawal of US forces around Iran, sanctions relief, and reconstruction plans. But Israeli Prime Minister Benjamin Netanyahu has already rejected a Lebanon-related provision, saying Israel is not bound by the clause. In reaction to the deal, stock index futures are rallying while oil prices tumble and treasury yields move lower. Brent crude is down about five percent, while WTI is off more than five percent. Nasdaq one hundred futures lead the advance in equities, up about two percent, while S&P five hundred futures are up more than one percent. Anthropic is scrambling to restore access to its most advanced AI models, dispatching senior technical staff to