The Dow Jones (DJIA) is set to open Friday with gains after President Trump signaled that a U.S.-Iran peace deal could come sooner rather than later.
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Trade QQQ with leverage“We have a very successful negotiation going on right now,” Trump said. “If it happens, it will be announced fairly soon.” He added that the ceasefire between the two sides, set to expire on April 21, could be extended, though he said it likely wouldn’t be necessary since Iran wants to reach an agreement.
Trump Signals Major Concessions from Iran
Trump noted that Iran had agreed to concessions that it had previously rejected, including eliminating its nuclear program, turning over its stockpile of enriched uranium, and reopening the Strait of Hormuz.
A second round of peace talks between the two countries could take place as soon as this weekend, although neither side has yet to confirm a date or venue. A group of Gulf Arab and European leaders are less optimistic, warning that a ceasefire extension is necessary to cover the time it will take to strike a deal.