INTU

A volatile session was driven by conflicting US-Iran nuclear deal headlines: markets initially sold off on reports of Iran's Supreme Leader forbidding uranium removal, then rallied sharply on Al-Arabiya claims of a draft agreement covering Strait of Hormuz navigation, before partially reversing on mixed signals about Pakistani mediation progress. Crude oil settled down 1.94% at $96.35 on the draft deal claims, while US equities swung between session lows and highs. On the data front, US jobless claims (209K vs. 210K est.), housing starts, and flash manufacturing PMI beat expectations, though services PMI missed slightly and input cost inflation hit its steepest pace since late 2022.