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Market Chatter: US, Iran Considering Virtual Deal Signing on Wednesday

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The US, Iran and mediators are in talks over holding the signing of the memorandum of understanding remotely as early as Wednesday, instead of in-person on Friday, Axios reported Wednesday, citing sources familiar with the matter.

A diplomat from one of the mediating countries told Axios that discussions to speed up the deal are intended to reopen the Strait of Hormuz sooner, since the parties agreed that the strait's opening and the lifting of the US blockade would only take effect after the formal signing scheduled for Friday.

Another source familiar with the matter said Iran demanded that the memorandum's contents not be published until the formal signing, while the diplomatic source said the text is likely to be published on Wednesday.

The White House did not immediately respond to' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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