The S&P 500 (SPX) has climbed nearly 5% since the U.S. announced a two-week ceasefire with Iran on April 7. While the first round of peace talks in Islamabad last weekend failed to yield a resolution of the war, the two sides are now considering another meeting.
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Forget margin or options. Here's how the pros trade QQQBoth sides would like to continue negotiations before the ceasefire expires on April 21, according to sources familiar with the matter. The countries could meet in Islamabad again, although other venues are on the table as well.
Iran Weighs Shipping Pause as Talks Hang in the Balance
On Monday, President Trump said that the “right people” from Iran had called him and requested a deal. The first round of talks unraveled following disagreements over the Strait of Hormuz, Iran’s enriched uranium stockpile, and its frozen assets.
In a sign of easing tensions, Iran is considering temporarily pausing its shipments through Hormuz in order to avoid escalation amid the U.S. blockade of the waterway, according to Bloomberg. “If Iran does indeed pause shipments it would be a sign its government too seeks de-escalation and to avoid the resumption of the hot war,” said Rachel Ziemba, a senior fellow at the Center for a New American Security.