Iran, talks
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US stocks closed higher as Iran aims to deescalate the clash with Israel. Oil prices eased. Fed meets on rates this week. No one expects a rate cut.
Iran has warned it will ramp up its nuclear activities after the United Nations nuclear watchdog’s 35-member board of governors adopted a resolution Thursday declaring it in breach of its non-proliferation obligations.
Iranian President Masoud Pezeshkian affirmed Wednesday that his country will not yield to “American arrogance” regarding its nuclear program. Speaking to the official IRNA news agency, Pezeshkian said negotiations with the US and Europe over the nuclear file are ongoing.
The IAEA is expected to vote on a draft resolution stating that Iran has not provided answers and is violating commitments regarding the nuclear agreement.
Relative calm returned to global markets, with stocks climbing and oil sinking alongside gold as fears subsided that Israel’s war against Iran would escalate into a wider conflict. Equities extended gains on news reports Iran is signaling it wants to restart talks over nuclear programs.
Oil prices dropped and stocks gained in early trading on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing conflict.
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