The report says that mediators believe the US and Iran are close to a breakthrough and are likely to restart the preliminary ceasefire agreement.

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According to media reports, before the meeting between Israeli Prime Minister Netanyahu and U.S. President Trump, mediators believed a breakthrough agreement was close to being reached, which may lead to the restart of the memorandum of understanding signed between the U.S. and Iran last month.

After the news broke, the U.S. stock market moved higher. Among the three major U.S. stock indices, the S&P accelerated its rebound, the Nasdaq erased its intraday losses, and the Dow's gains expanded to over 1%. U.S. Treasury prices rose further, with yields generally falling by 4-6 basis points. International crude oil futures accelerated their decline, with Brent crude falling more than 4% and WTI crude down about 4%.

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