Oil costs ticked down and futures on the S&P 500 rose barely on Sunday as buyers reacted to continued uncertainty surrounding talks between the US and Iran. President Trump stated on Saturday that he was reviewing a peace proposal from Iran, however that he doubted it will be acceptable.
On Sunday night, Mr. Trump signaled there might be some progress in transferring ships out of the Strait of Hormuz, the very important oil commerce route south of Iran. He wrote on social media that, starting Monday morning, the US would “use greatest efforts” to get ships out of the strait that weren’t concerned within the battle. Mr. Trump supplied scant particulars about how the method would unfold.
