170 articles — keywords: Iran
Vice President Vance said the two countries are very close to a memorandum of understanding that would extend a ceasefire for two months.
Iran's World Cup squad still has not received U.S. visas, adding another layer of complexity to the ongoing conflict three weeks before the tournament begins.
The Pentagon described the strikes as defensive, targeting a military site that posed a threat to American forces and commercial traffic.
The 10-year Treasury yield fell more than 8 basis points to 4.485% as bond markets reopened after the Memorial Day holiday.
A reported memorandum of understanding would involve a 60-day ceasefire extension and the reopening of the Strait of Hormuz.
Oil prices fell sharply Monday after President Trump said Iran talks were proceeding in a constructive manner.
Japan's Nikkei 225 also broke 65,000 for the first time as reports emerged that the Strait of Hormuz may soon reopen.
West Texas Intermediate futures fell to $91.65 per barrel Sunday after Trump said negotiations over the Strait of Hormuz are proceeding constructively.
Trump said an agreement has been largely negotiated and the Strait of Hormuz will be opened.
A fragile ceasefire has been in place since April 8, but key disputes over the Strait of Hormuz and Iran's nuclear program remain unresolved.
Secretary of State Rubio called Iran's attempt to impose tolls on the Strait of Hormuz "not acceptable" as Pakistan and Qatar push for a peace deal.
The average price per gallon reached $4.55 on Friday, the highest for Memorial Day weekend since 2022.
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