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Jefferies says U.S.-Iran deal still possible before midterms

Jefferies’ Mohit Kumar says a U.S.-Iran deal is still likely before the U.S. midterm elections in November, adding that they remain optimistic a deal could be reached before then.

0556 GMT - Some form of a deal between the U.S. and Iran is still likely before the U.S. midterm elections in November, Jefferies' Mohit Kumar says in a note. "We are still optimistic that we would have some sort of a deal before the mid-terms," the global economist says.

From Iran's perspective, P…