Dow Jones Stalls as U.S.-Iran Peace Talks Fall Through

The Dow Jones (DJIA) is set to open the trading week on a sour note after the U.S. and Iran failed to reach a peace agreement over the weekend.

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Major points of contention still exist between the two sides, including the reopening of the Strait of Hormuz, the disposition of Iran’s stockpile of highly enriched uranium, and the release of billions of dollars in frozen assets.

Trump Orders Blockade of Hormuz

The two-week ceasefire is still in effect, although both sides have signaled rising tensions. President Trump is set to enact a blockade of Hormuz at 10 a.m. Eastern Time, warning that the U.S. remains “fully ‘LOCKED AND LOADED'” in a Truth Social post.

“With the so-called ‘blockade’, Soon you’ll be nostalgic for $4–$5 gas,” said Iranian Parliament Speaker Mohammad Bagher Ghalibaf in an X post.

Meanwhile, Iran has signaled it will attack ports in and around Hormuz if its own shipping ports are threatened, labeling a U.S. blockade as “an act of piracy.”