Shares, bonds and oil costs seesawed on Monday as traders parsed the indicators coming from Washington and Tehran about the way forward for their tenuous cease-fire.
A peace deal has remained elusive, as has the reopening of the Strait of Hormuz, an important passageway within the Persian Gulf for shipments of a good portion of the world’s oil and gasoline.
On Sunday, President Trump posted a brand new menace on social media. “For Iran, the Clock is Ticking, they usually higher get transferring, FAST, or there gained’t be something left of them,” he wrote. On Monday, Tasnim, the semiofficial Iranian information company, instructed that U.S. sanctions on Iran’s oil could be briefly relaxed.
