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U.S. stocks declined and oil prices rose on Monday following President Trump's announcement of the U.S. Navy's seizure of an Iranian cargo vessel. Tehran sent mixed signals on resuming peace talks as a temporary ceasefire nears expiration. Markets reacted amid ongoing tensions in the Strait of Hormuz.
Substrate placeholder — needs reviewU.S. Navy had seized an Iranian cargo vessel and Tehran sent mixed signals on resuming talks.
M. 4% at the same time. The Dow Jones Industrial Average traded roughly flat. 29.
U.S. and Israel launched strikes on Iran. U.S. blockade of the Strait of Hormuz. U.S. Treasury sanctions due to its prior history of illegal activity.
"We have full custody of the ship, and are seeing what’s on board," Trump wrote in a Truth Social post. " in an earlier Sunday post. Iran refused to join another round of peace talks in Pakistan. " Trump told The Post on Monday that he was willing to meet Iran’s leaders in person.
"We’re supposed to have the talks," Trump said to The Post. U.S. and Iran is slated to expire this Wednesday if no peace deal comes through. Wall Street recorded huge gains last week, with the S&P 500 and Nasdaq hitting fresh all-time highs following a ceasefire between Iran and Lebanon.
Iran said last week that the Strait of Hormuz was fully reopened. The strait serves as a vital maritime route for 20% of the world’s oil, though traffic remained restricted despite the announcement.
Al JazeeraIranian negotiators left Switzerland after 18 hours of talks with U.S. counterparts. Tehran said progress was made on oil export waivers and asset releases, while oil prices fell.
EuronewsAustralian authorities uncovered the country's largest cocaine shipment on a Londonderry property on June 19. Two men face charges after the 816 million Australian dollar haul was traced to a boat landing in Queensland.
abcnews.go.comAlberto Carvalho stepped down Sunday as superintendent of the Los Angeles Unified School District after four years. The resignation follows an FBI search of his home and district offices in February and his removal from duties by a board vote. He has not been charged with any cri…