finance
Traders Await U.S.-Iran Talks on Strait of Hormuz Access
Traders are monitoring upcoming talks between U.S. and Iranian officials scheduled for Friday in Switzerland. An initial agreement and 60-day cease-fire are expected to follow the meeting.
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Traders are monitoring developments around access to the Strait of Hormuz as they await a meeting between U.S. and Iranian officials.
The officials are set to meet in Switzerland on Friday.
They are expected to sign an initial agreement at the meeting. A 60-day cease-fire is also set to begin after the agreement is signed. Oil prices have moved within a narrow range amid uncertainty over when the strait will reopen to regular traffic.
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