Dow Jones Rallies on U.S.-Iran Peace Deal Optimism

The Dow Jones (DJIA) is set to open Wednesday in the green as investors monitor the latest developments in the U.S.-Iran war.

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The U.S. has sent Iran a list of 15 demands to end the war, including ending uranium enrichment, pledging to never pursue nuclear weapons, and reopening the Strait of Hormuz as a free maritime corridor. Iran has also provided its own demands, pushing for a public apology from President Trump to Mojtaba Khamenei, recognition of its nuclear rights, and the evacuation of all U.S. bases from the Gulf.

U.S., Iran Refuse Talks as Tensions Rise

However, both sides declined to meet for a first round of discussions this week, with a top U.S. official labeling Iran’s demands as “ridiculous and unrealistic.” Iran has remained defiant as well, with IRGC spokesperson Ebrahim Zolfaghari saying, “Someone like us will never get along with someone like you. Not now, not ever.”

Iran has also rejected the possibility of a ceasefire and said that peace talks are not viable under current conditions, according to the country’s Fars News Agency.