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The United States and Iran are approaching the signing of a memorandum of understanding to halt the war. The agreement is expected to be finalized in Geneva around Sunday. It will include a cessation of military operations and the lifting of sanctions on Iranian oil, with the possibility of reconstructing the Iranian economy with support amounting to up to $300 billion. If signed, markets are likely to see a rise in stocks and a decline in oil prices by more than 2%.
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