US President Trump says Iran has reached out asking Washington to lift its naval blockade on Iranian ports, but experts warn negotiations remain stalled as oil prices continue to climb.
Stalled U.S.-Iran peace talks send oil above $97 per barrel, stalling the Wall Street rally on Monday as investors brace for the Federal Reserve’s policy meeting this week.
After the U.S. canceled diplomatic envoy trips to Pakistan, Iran’s foreign minister traveled to Russia seeking support, while Trump stated that if Iran wants to negotiate, they can simply call.