Oil prices rose and stocks wavered a bit on Monday as investors reacted to the failure of the United States and Iran to reach a peace deal.
President Trump said on social media Sunday that Iran’s latest proposal was “TOTALLY UNACCEPTABLE!” He did not share details about what Iran had offered. Tehran has said that the two countries were working on a short-term agreement that would pause fighting for another 30 days and end Iran’s blockade of the Strait of Hormuz, a key oil and gas shipping route in the Persian Gulf.
