Renewed optimism over a US-Iran agreement surfaced Friday May 22 as regional outlets reported a leaked "final draft" ceasefire deal, Pakistan-mediated, providing for an immediate comprehensive ceasefire, a halt to attacks on infrastructure, guaranteed freedom of navigation in the Arabian Gulf and the Strait of Hormuz, and conditional sanctions relief - with claims it could be announced within hours. The draft is unconfirmed and unimplemented, still requiring approval from both sides, and falls well short of the durable, implemented peace the war-linked invalidation conditions require. The optimism drove the Friday oil pullback, yield easing, and equity rebound.