investingLive European markets wrap: Setting up for that TACO moment? SpaceX debut up next

Headlines: Iran will not restore Strait of Hormuz status to pre-war level - IRNA The US-Iran MoU could be signed as soon as Sunday in Geneva - BBG Here is what the US-Iran deal looks set to be like after another TACO moment Iran media says that memorandum of understanding draft still not yet finalised Oil prices plunge after Iran confirms details of the deal with the US The countdown continues ahead of the Wall Street open, all eyes on SpaceX ECB policymaker Nagel says keeping all options open for July meeting ECB's Dolenc says current rate level gives enough flexibility to respond to energy shock Core inflation confirmed to have picked up in Germany during May French inflation accelerates in May as services inflation push up Spanish inflation picks up in May, core prices also continue to nudge higher UK economy sees marginal contraction in April as services sector cools Markets: WTI crude down 3.5% to $84.60 US dollar little changed, keeps steadier Equities stay optimistic, European indices trade over 1% higher S&P 500 futures up 0.5%, Nasdaq futures up 0.5% with eyes on SpaceX debut US 10-year yields down 0.2 bps to 4.46% Gold down 0.2% to $4,204 Bitcoin up 0.4% to $63,631 The main story of the session was that Iran has emerged with key details of its deal with the US. And it is either a case of there going to be another major TACO moment or this deal is going to fall apart before it even begins. The details point to many concessions being offered up by the US with the summarised version here . And if so, it is essentially a reset back to 27 February. Tell me, what was the point of this war again? As the details surfaced, markets are cheering on...