Iran-US MOU Finalized, Apple Price Hikes, Fed Rate Hike Expectations

Market News
1. The finalization of the Iran-US MOU signals US commitment to remove obstacles for Iran's oil sales and access to frozen funds, potentially impacting global energy markets.
2. Apple plans to raise product prices due to a memory chip crunch, indicating ongoing supply pressures in the tech sector.
3. US Fed Fund Futures extend declines, with a 25 bps rate hike fully priced by October, pointing to tighter monetary policy expectations.