US-Iran talks outcome to be clear Friday, progress reported

The signal here is timing rather than substance: a Friday clarity point gives markets a defined window in which geopolitical risk either compresses or re-prices, and the absence of detail on what progress means or which issues are on the table leaves the read genuinely ambiguous. For anyone holding risk tied to Middle East escalation, that ambiguity is the story — a vague "significant progress" claim can unwind fear premia quickly and just as quickly reverse if Friday disappoints. Whether the reported progress translates into a concrete, verifiable outcome is the open question.