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Momentum-obsessed traders seek clues on Iran truce

The Japan Times·Bernadette Toh·22 days ago
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#us#donaldtrump#middleeast#iran#wallstreet#latest
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Global stocks surged last week, pushing the S&P 500 and Nasdaq 100 to fresh records. | BLOOMBERG Investors riding a scorching run of market momentum are likely to face a reality check when trading resumes in Asia after U.S. President Donald Trump rejected the latest peace offering. Trump labeled Iran’s latest response to his proposal to end the 10-week conflict with the U.S. as “TOTALLY UNACCEPTABLE.” Iran offered to transfer some of its stockpile of highly enriched uranium to a third country in its response to the latest U.S. proposal to end 10 weeks of war, but rejected the idea of dismantling its nuclear facilities, The Wall Street Journal reported. Iran disputed the report, according to Iran’s semi-official news agency Tasnim. Highlighting ongoing tension in a conflict that has killed thousands and driven up oil prices, a drone strike on Sunday briefly set a cargo vessel ablaze off Qatar in the Persian Gulf.…

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