US EditionPublished • loading... • Updated
Oil, stocks fall as traders weigh outlook after Trump extends truce
Oil and stocks fell as Trump extended the Iran ceasefire indefinitely while keeping the Strait of Hormuz blockade in place, leaving peace talks uncertain.
- President Donald Trump extended the ceasefire with Iran indefinitely on Wednesday, though he maintained the military blockade of the Hormuz Strait as the original two-week truce neared expiration.
- Following a request from Field Marshal Asim Munir and Prime Minister Shehbaz Sharif of Pakistan, Trump decided to wait for a proposal from Tehran's "fractured" leadership. He had previously warned he would resume bombing when the truce expired.
- Trump accused Tehran of truce violations after vessel harassment in the waterway, while negotiators rejected the talks as a "waste of time." The Strait handles about one-fifth of global oil transit.
- Traders reacted with caution as investors assessed peace chances, with oil prices fluctuating below $100. Strategist Fawad Razaqzada warned that without a deal, prices could climb above $100, pressuring equities.
- Vice President Vance's travel to Islamabad remains delayed pending an Iranian proposal submission. Strategist Christopher Wong at Oversea-Chinese Banking Corp noted both sides are "playing a game of who blinks first" over leverage.
Insights by Ground AI
Podcasts & Opinions
45 Articles
45 Articles
The spokesman-Review+2 Reposted by 2 other sources
US and Iran deadlocked over Hormuz after Trump extends truce
The U.S. and Iran are locked in a battle for control of the Strait of Hormuz after failing to meet for a fresh round of peace talks, with both sides using blocks to the waterway to gain leverage during an extended ceasefire.
·Spokane, United States
Read Full Article
Daily Journal+13 Reposted by 13 other sources
Oil falls, stocks mixed as traders weigh outlook after Trump extends truce
Oil prices fell and stocks were mixed Wednesday as investors assess the chances of US-Iran peace talks after Donald Trump extended his ceasefire at the eleventh hour but kept his blockade of the Strait of Hormuz in place.
·Cherokee County, United States
Read Full Article
US President Donald Trump said that the end of the US blockade of the Strait of Hormuz would make any agreement with Iran impossible
·Milan, Italy
Read Full Article
Coverage Details
Total News Sources45
Leaning Left7Leaning Right8Center11Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 27%
C 42%
R 31%
Factuality
To view factuality data please Upgrade to Premium
