{"id":63045,"date":"2026-06-12T05:38:46","date_gmt":"2026-06-12T09:38:46","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-iran-peace-deal-rumors-intensify-ahead-of-g7-china-credit-growth-beats-estimates\/63045\/"},"modified":"2026-06-12T05:38:46","modified_gmt":"2026-06-12T09:38:46","slug":"us-iran-peace-deal-rumors-intensify-ahead-of-g7-china-credit-growth-beats-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-iran-peace-deal-rumors-intensify-ahead-of-g7-china-credit-growth-beats-estimates\/63045\/","title":{"rendered":"US-Iran Peace Deal Rumors Intensify Ahead of G7; China Credit Growth Beats Estimates"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US and Iran are reportedly nearing a peace deal<\/strong> or Memorandum of Understanding (MOU) that could be signed in <strong>Geneva as soon as Sunday<\/strong>, coinciding with next week&#39;s <strong>G7 summit<\/strong>.<\/li>\n<li><strong>China&#39;s May Aggregate Financing reached 17.48 trillion CNY<\/strong>, significantly outperforming analyst expectations of <strong>17.15 trillion CNY<\/strong>, signaling a potential rebound in credit demand.<\/li>\n<li><strong>Global <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> fell to two-month lows<\/strong> as markets reacted to the prospect of the <strong>Strait of Hormuz reopening<\/strong>, which has been largely closed due to the three-month-old conflict.<\/li>\n<li><strong>UK households are bracing for a significant rise in inflation<\/strong> next year, with business sentiment turning increasingly negative amid persistent geopolitical uncertainty.<\/li>\n<\/ul>\n<h2>Geopolitical Breakthrough: US-Iran Peace Deal on the Horizon<\/h2>\n<p>The <strong>United States<\/strong> and <strong>Iran<\/strong> are edging closer to a diplomatic breakthrough aimed at ending a three-month-old war that has severely disrupted global energy markets. According to senior officials, an agreement\u2014likely in the form of a <strong>Memorandum of Understanding (MOU)<\/strong>\u2014could be signed in <strong>Geneva<\/strong> as early as this Sunday. The timing aligns with the upcoming <strong>G7 summit<\/strong> in Evian, France, where world leaders are set to discuss regional stability.<\/p>\n<p>Logistical preparations are already underway, with reports of <strong>US Air Force C-17 Globemaster III<\/strong> aircraft departing for Europe carrying equipment for a potential visit by Vice President <strong>JD Vance<\/strong> to the signing ceremony. President <strong>Donald Trump<\/strong> stated on Thursday that a &quot;great settlement&quot; has been reached and that the <strong>Strait of Hormuz<\/strong> would officially reopen &quot;very soon&quot; following the signing. Iran has reportedly requested the ceremony take place in a European country to provide the agreement with an &quot;international character.&quot;<\/p>\n<h2>China Credit Data Surprises to the Upside<\/h2>\n<p>In a boost for the world\u2019s second-largest economy, <strong>China\u2019s<\/strong> financial data for May showed stronger-than-expected credit expansion. <strong>Aggregate Financing<\/strong> hit <strong>17.48 trillion CNY<\/strong>, beating the estimated <strong>17.15 trillion CNY<\/strong>. <strong>New Yuan Loans<\/strong> also came in higher at <strong>9.11 trillion CNY<\/strong> against an expected <strong>9.04 trillion CNY<\/strong>.<\/p>\n<p>While the <strong>M2 Money Supply<\/strong> grew at a steady <strong>8.6%<\/strong> year-over-year, the <strong>M1 Money Supply<\/strong> saw a slight beat at <strong>5.5%<\/strong> (est. 5.0%). These figures suggest that Beijing&#39;s efforts to stimulate the economy through targeted lending may be gaining traction, providing a tailwind for China-focused ETFs like the iShares China Large-Cap ETF (<a href=\"\/stock\/FXI\">FXI<\/a>).<\/p>\n<h2>UK Inflation Risks and US Political Friction<\/h2>\n<p>In the <strong>United Kingdom<\/strong>, economic sentiment is souring as households anticipate a &quot;significant rise&quot; in inflation over the next year. Despite a recent drop in headline inflation to <strong>2.8%<\/strong> in April, experts warn that the effects of the Middle East conflict and shipping disruptions will likely push rates back up to <strong>3.8%<\/strong> by the end of 2026. This has put the <strong>Bank of England<\/strong> in a difficult position, as it weighs the need for restrictive interest rates against a stagnating economy.<\/p>\n<p>Domestically, US Senate Majority Leader <strong>John Thune<\/strong> is facing increasing frustration within the GOP. According to <em>Punchbowl News<\/em>, Thune has expressed concerns that his &quot;hopes often get dashed&quot; as President <strong>Trump<\/strong> continues to bypass traditional Senate leadership to pursue independent initiatives. Meanwhile, the <strong>Senate Banking Committee<\/strong> is preparing for a markup on tech and chips legislation, while Democrats look to make inroads in deep-red <strong>Iowa<\/strong> ahead of the midterms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US and Iran are reportedly nearing a peace deal or Memorandum of Understanding (MOU) that could be signed 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