Gold and stocks on a roller coaster as the Iran MOU may be ready pending Trump’s approval
· The market is confident that Trump will sign the MOU despite the fragile ceasefire and Trump’s ‘peace through strength’ approach. · Now the question is, will Trump agree, and whether Iran will agree to such an ‘unrestricted’ Strait of Hormuz without any toll? On early Wednesday, May 27, 2026, the European session, stocks, and gold surged, while oil slid after Iran announced a framework/draft of a potential deal with the US. Iranian officials presented their versions of the MOU, relatively favorable interpretations of the draft framework: · Lifting the US naval blockade and withdrawal of American forces from the adjoining areas within 30 days. · Reopening the Strait of Hormuz within 30 days under Iran-Oman management. · A 60-day (extendable) extension of the current ceasefire and a period for a final deal. · A $300 bill...