Dow Jones Retreats as U.S.-Iran Talks Hang in the Balance

The Dow Jones (DJIA) is set to open Monday in the red amid uncertainty surrounding the next round of U.S.-Iran peace talks.

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Over the weekend, President Trump announced that a delegation of U.S. officials, led by Vice President J.D. Vance and Special Envoy to the Middle East Steve Witkoff, would travel to Pakistan for talks. However, Iran has not yet confirmed that it is willing to participate in the negotiations.

U.S.-Iran Tensions Surge as Ceasefire Deadline Nears

Tensions between the two sides reignited after the U.S. fired on and seized an Iranian vessel near the Strait of Hormuz after it attempted to breach the U.S. blockade. Iran vowed to retaliate without providing further details.

In a Truth Social post, Trump warned the U.S. would “knock out every single Power Plant, and every single Bridge, in Iran” if a peace deal cannot be reached between the two sides. That comes as the two-week ceasefire approaches its expiration on April 21.