Iran Proposes New Plan to End Hormuz Strait Blockade as Oil Prices Surge
Iran presents a new proposal to the US aimed at easing the standoff over the Strait of Hormuz, while postponing nuclear talks, sending international oil prices higher.
Strait of Hormuz
U.S.-Iran Talks Stall as Oil Surges, Stock Rally Falters
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.
Iran Seeks Deal to Lift Hormuz Blockade, Postponing Nuclear Talks
Iran is seeking an agreement to lift its blockade of the Strait of Hormuz, which would delay nuclear negotiations, while continuing intensive diplomatic outreach in Russia.
Fed Expected to Hold Rates Steady as Powell-Warsh Transition Looms
The Federal Reserve is widely expected to hold rates steady at its April meeting as Iran-related risks drive inflation concerns and the potential Powell-to-Warsh transition adds uncertainty.