The latest development in the US-Iran game—tonight’s market rally seems to be driven by this news: The proposal submitted today by Pakistan’s Army Chief to senior Iranian officials has been approved by the US, and Iran has also given preliminary consent. The proposal partially addresses Iran’s demand for the return of frozen funds, stipulating that the interest generated from Iran’s $6 billion frozen in Qatari banks will be transferred to Iran. Following the news, oil prices dropped significantly, while US stocks and crypto markets strengthened. Checked the source, and it was first reported today by Qatari media outlet *Al-Araby Al-Jadeed*, citing “sources familiar with the mediation efforts.” Key points of the report: 1) Qatar and Pakistan jointly proposed a “middle/compromise proposal.” 2) Pakistan’s Army Chief, General Asim Munir, submitted the proposal to senior Iranian officials today, confirming Munir’s arrival in Tehran. 3) The proposal has been approved by the US and previously received preliminary consent from Iran. 4) The proposal partially responds to Iran’s demand for the return of frozen funds: transferring the interest (فوائد) generated from Iran’s $6 billion frozen in Qatari banks to Iran. 5) In exchange, Iran agrees to allow confidential/non-public inspections of its nuclear facilities by the International Atomic Energy Agency (IAEA), addressing US concerns over nuclear issues. 6) The goal is to prevent further escalation of conflict and create conditions for both sides to return to the negotiation table. *Al-Araby Al-Jadeed* (English name: *The New Arab*) is a pan-Arab news outlet. The same company also launched *Al Araby Television Network* in 2015, which was seen as an alternative Qatar-backed media platform distinct from *Al Jazeera*. It is closely tied to Qatar’s government and widely regarded in the Arab world as aligned with Qatar’s foreign policy stance. This news is undoubtedly a major positive for the current market—let’s keep an eye on further developments. This post is sponsored by @bitget_zh: “Bitget—Trade US stocks with lightning-fast entry and seamless transactions.”