After traders late last week appeared hopeful that Iran would soon agree to halt its enrichment of uranium as part of a deal to end the ongoing conflict in the Middle East, those hopes appear to have been dashed following yesterday’s fragile and uneventful talks in Switzerland. Chances that Iran would agree to end enrichment by December 31, 2026, fell from roughly 80%, to now only 33%.

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After traders late last week appeared hopeful that Iran would soon agree to halt its enrichment of uranium as part of a deal to end the ongoing conflict in the Middle East, those hopes appear to have been dashed following yesterday’s fragile and uneventful talks in Switzerland. Chances that Iran would agree to end enrichment by December 31, 2026, fell from roughly 80%, to now only 33%.