Trump is considering an Iran peace proposal as US-Iran talks hit an impasse. German Chancellor Merz says the US is ‘being humiliated by Iran’ as European patience wears thin. Meanwhile, a Russia-linked superyacht sails through the Hormuz blockade.
US stock futures declined and Brent crude oil rose over 2% as US-Iran peace negotiations stalled.
US-Iran peace negotiations hit a wall as Iran’s foreign minister returns to Pakistan without a breakthrough, sending stock futures lower and oil prices higher.
Trump announces cancellation of envoy Kushner and Witkoff’s trip to Pakistan for Iran negotiations, as Iran’s foreign minister has already arrived, adding uncertainty to the peace process.