Stocks, bonds and oil prices seesawed on Monday as investors parsed the signals coming from Washington and Tehran about the future of their tenuous cease-fire.
A peace deal has remained elusive, as has the reopening of the Strait of Hormuz, a vital passageway in the Persian Gulf for shipments of a significant portion of the world’s oil and gas.
On Sunday, President Trump posted a new threat on social media: “For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them.”. On Monday, Tasnim, the semiofficial Iranian news agency, suggested that U.S. sanctions on Iran’s oil would be temporarily relaxed.
