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Real-time News
June 18th - According to CNN, the English version of the 14-point US-Iran memorandum of understanding is less than 800 words, leaving many details for later additions, including the sensitive issue of Irans nuclear program. However, the memorandum does promise substantial funding for Iran—by lifting sanctions, Iran could sell oil to the world and potentially gain access to billions of dollars in frozen assets and $300 billion in financing support. The Trump administration is keen on reaching "multi-point" agreements. The agreement aimed at ending hostilities in the Gaza Strip was a 20-point plan, while the failed plan to end the Russia-Ukraine conflict was a 28-point plan.A Reuters poll shows that despite assurances from the Japanese government that supplies are sufficient, almost all Japanese companies are concerned about purchasing oil and petroleum products.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.98% to 51,492.55 points, the S&P 500 fell 1.21% to 7,420.1 points, and the Nasdaq Composite fell 1.34% to 26,021.66 points. Salesforce fell over 4%, with Microsoft falling over 3%, leading the decline. The Wind U.S. Tech Big Seven Index fell 2.4%, with Facebook falling over 5% and Microsoft falling over 3%. SpaceX fell nearly 5%. The Nasdaq China Golden Dragon Index fell 1.14%, with Canadian Solar falling over 4% and Beike falling over 3%. Technology stocks led the decline, and Treasury yields surged. 2. The three major European stock indexes closed mixed. The German DAX rose 0.10% to 24,934.67 points; the French CAC40 fell 0.20% to 8,430.79 points; and the UK FTSE 100 rose 0.14% to 10,508.61 points. 3. The WTI crude oil futures contract closed down 0.35% at $75.01 per barrel; the Brent crude oil futures contract fell 0.38% to $78.66 per barrel. 4. International precious metals futures generally closed lower, with COMEX gold futures down 1.79% to $4276.30 per ounce and COMEX silver futures down 2.93% to $67.96 per ounce.Iranian Foreign Ministry spokesman: It has not yet been confirmed that Iran and the United States will hold talks in Switzerland on Friday.Iranian Foreign Ministry spokesman: Iran must be able to sell its oil smoothly, with no obstacles in transportation and insurance, and must receive the revenue from the oil sales.
