Wall Street surged on renewed AI and Iran deal optimism; what’s next?

 


● Despite Trump’s ‘locked & loaded’ rhetoric, back-channel talks between the US and Iran continue.

●      Iran and Oman discuss an announcement to guarantee full and free movement for navigation in the central passage of the Strait of Hormuz.

● But Iran's ceasefire may remain fragile due to the domestic political compulsions of each stakeholder.

● Trump may now try to ‘take over the Strait of Hormuz to declare ‘victory’ over Iran ahead of the Nov. '26 midterm US election.

After a volatile trading day, Wall Street futures closed Friday, July 10, in the green amid renewed optimism over AI and the Iran deal, despite Trump’s erratic threats. As usual, under Trump 2.0, the market moves on Trump’s morning moods, truths, and random media bytes—from tariff & trade war to Iran war. Early US Friday, Wall Street futures and gold slid, while oil and USD surged after Trump declared Iran's ceasefire is over, although negotiations may continue. The Islamic Republic of Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the ceasefire is OVER! Thank you for your attention to this matter. President DONALD J. TRUMP

But soon after that, seeing adverse market reaction, the Wall Street-savvy Trump admin floated another media scoop that US-Iran back-channel talks are on through mediators Pakistan, Qatar, etc. US VP Vance and Trump’s special envoys Witkoff and Kushner are in contact with Qataris amid efforts to ensure an Iran deal while Trump continues his Iran threats & even real military actions. The overall ‘gunpoint diplomacy’ strategy is ‘peace through strength. 'On Wednesday (July 8), after declaring the Iran MOU is no longer valid at the NATO summit sideline presser, Trump also said, "Witkoff could talk with Iran, but I'm just not seeing it.”

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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

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