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US and Iran just agreed on a 60-day roadmap for a final deal in Switzerland.
Strait of Hormuz communication line active. Lebanon deconfliction mechanism done. 18 hours of talks that almost fell apart midway.
Markets already reacted. Oil down $4. Bitcoin back above $64K. Nikkei all-time high. Gold at $4,200.
This is what risk-off to risk-on looks like in real time.
War premium coming off oil means inflation pressure easing means capital rotating back into risk assets.
Not saying it's over. 60 days is still 60 days. But the map exists now.
Watch this space