U.S. stocks and bonds sold off and oil continued its weeks long upward trajectory Thursday morning, as optimism faded about possible peace talks or a U.S.-Iran ceasefire.
Thursday also marks 48 hours until the expiration of President Donald Trump’s 5-day pause on strikes against Iran’s power infrastructure.
In a social media post, Trump appeared to indicate that talks with the Iranian regime were not progressing. “The Iranian negotiators are very different and ‘strange,’ Trump wrote on Truth Social. “They better get serious soon, before it is too late, because once that happens, there is no turning back, and it won’t be pretty!”
The price of U.S. crude oil approached $95 per barrel, up more than 4.2%. International Brent crude rose 4.5%, to more than $107 per barrel. Since the war started, the cost of U.S. crude oil is up more than 40%. Since the start of the year it has risen
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