News Summary

• u.s. and Iranian negotiators are discussing a phased agreement to end the war, according to a Reuters headline.
• The deal would include a reopening of the Strait of Hormuz, and D.C.
• lifting its economic blockade of Iran.
• The news has sent oil lower by nearly $2 per barrel, though it’s still up 2% for the day.
• Bitcoin has bounced a bit, now trading at $84,600, up 0.5% over the past 24 hours.