Iran's President Pezeshkian said the Supreme Leader has granted the government certain authorities regarding negotiations, according to the state-run ISNA news agency. The markets are taking this as a signal for greater flexibility and potentially strengthen the government's ability to reach a deal with the US.As a reminder, strategic decisions remain under the authority of the Supreme Leader, so any progress requires alignment between the Supreme Leader and negotiators. Iran has already proposed a two-day framework to reopen the Strait of Hormuz conditional to its demands being met, which include the lifting of the blockade, the release of frozen funds and sactions relief among others.This a shorter timeline that the seven-day framework proposed a month ago. The markets interpreted the shortened timeline as a positive development, although the US has not accepted the proposal yet and negotiations continue.It shouldn't be surprising to see other markets respond positively to the news as lower oil prices would reduce inflation and rate hike bets, and at the same time improve growth expectations. This article was written by Giuseppe Dellamotta at investinglive.com.