Overview
- Trump, who paused a planned attack on Iran on Monday, said talks could yield a deal and kept U.S. forces ready to strike if they fail.
- Brent slipped to about $109–$111 a barrel yet stayed far above pre‑war levels as the Strait of Hormuz remains effectively closed to much of global oil shipping.
- Government bond markets stabilized after a sharp selloff, with the U.S. 10‑year yield hovering near 4.60% as high energy costs keep inflation worries alive.
- Stocks were choppy worldwide, with the Nasdaq and S&P 500 easing, South Korea’s Kospi sliding sharply, and Europe edging higher as traders reassessed risk.
- Nvidia’s earnings on Wednesday are seen as a key test for the AI trade, with investors also watching for concrete signs that tankers can safely move through the Strait again.