The Nasdaq is set to open lower as stalemate in US-Iran peace talks and crude oil surging above $107/barrel trigger risk-off sentiment across markets, with gold climbing and Bitcoin retreating.
Iran proposes reopening the Strait of Hormuz if the US lifts its blockade, while deferring nuclear negotiations. Trump and his national security team are skeptical of the offer.
British oil giant BP reported Q1 profits more than double year-ago levels, driven by surging oil prices amid the ongoing Iran conflict.
International crude prices rallied sharply on the UAE’s OPEC withdrawal announcement, boosting energy stocks on Wall Street while tech giants face investor scrutiny over AI spending returns.
The Bank of Japan kept its policy rate unchanged in a 6-3 split vote, while raising its inflation forecast, reflecting concerns about the economic impact of the Iran conflict.
US Secretary of State Rubio formally rejects Iran’s proposal to reopen the Strait of Hormuz, insisting nuclear issues must be resolved first, leaving negotiations at a standstill.
US Secretary of State Rubio formally rejected Iran’s proposal to reopen the Strait of Hormuz while postponing nuclear talks, leaving US-Iran peace negotiations in limbo and oil markets under pressure.
President Trump has expressed dissatisfaction with Iran’s plan to reopen the Strait of Hormuz, while dozens of nations call for immediate restoration of passage and the UN warns of a potential global food crisis.
Iran’s foreign minister travels to Moscow to meet with President Putin as US-Iran nuclear negotiations stall, with Trump expressing dissatisfaction with Iran’s latest proposal, reshaping Middle Eastern geopolitical dynamics.
Iranian Foreign Minister Abbas Araghchi traveled to Moscow for talks with President Putin on the Iran war, with the Kremlin saying Russia is ready to offer mediation services in future US-Iran negotiations.