Risk assets pumped on this news, but prediction market traders are not convinced that a permanent deal is actually coming.
Only 35% odds for a deal this month and 57% for by the end of August.
Trump just went live to announce a settlement of the war with Iran.
He stated that the deal should be done "pretty quickly" and could be signed as early as this weekend in Europe with US vice president Vance present.
Risk assets are pumping and oil is dumping on this news.