Dow Jones Slips as Iran ‘Unlikely’ to Agree to U.S. Demands

The Dow Jones (DJIA) is set to open Tuesday in negative territory as concerns grow over the difficulty of ending the U.S.-Iran war.

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On Monday, President Trump teased that a deal between the two countries could come within the next five days. However, three senior Israeli officials told Reuters that Iran is “unlikely” to agree to U.S. demands. Brent crude futures (BZ) are trading higher as the war drags on, reigniting inflation fears.

Iran Issues Two Key Demands for Peace Deal

A senior Iranian official told Al Jazeera that the U.S. has rejected Iran’s two main demands to end the war, which are compensation for damages and a binding guarantee against future military attacks.

Meanwhile, Saudi Arabia has granted a 30-day permit exemption for vessels crossing through the Persian Gulf in a bid to ease the oil supply crunch caused by the closure of the Strait of Hormuz. The country, as well as the United Arab Emirates, is also considering supporting the U.S. in the fight against Iran.