Stock Market Update

The stock market is now on track for a higher opening, reversing its earlier premarket losses after a leaked report from Al Arabiya detailed a potential new agreement between the U.S. and Iran.

Notably, the modified proposal includes a long-term nuclear freeze for Iran instead of a complete dismantlement, with a request to transfer enriched uranium to Russia instead of the U.S.

Oil prices have come down in response to the report, with WTI crude currently down $1.46 (-1.5%) at $99.56 per barrel.