Iran Deal Optimism Sends Stocks to Three-Month High; Egypt Rises - Bloomberg Business:
"Iranian stocks climbed to the highest level in three months as diplomats from the Persian Gulf country and six negotiating powers moved closer to reaching a nuclear accord.
The Tehran Stock Exchange’s benchmark index advanced 1.2 percent on Sunday to 67,646.4, the highest level since April 15, as officials sought to clinch a deal that would help lift sanctions crippling Iran’s economy. Bank Saderat Iran was the most-traded stock, with investors exchanging 115 million shares, lifting it 1.2 percent.
Negotiators have “never been closer to an agreement,” White House spokesman Josh Earnest told reporters in Washington. The diplomats on Friday missed their third deadline in two weeks and now have through July 13 to resolve the remaining points in an accord that they say is mostly complete. Iran is holder of the world’s fourth-largest oil reserves and second-biggest natural-gas stockpile."
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