Overview
- Iran’s stance shifted again Tuesday, with a senior official saying Tehran may send delegates after state media said it rejected new talks, as a Reuters source said Vice‑President J.D. Vance remained in the U.S.
- With a two‑week ceasefire set to expire Tuesday night in Washington, President Donald Trump signaled he is unlikely to extend it and warned of new strikes if no deal is reached.
- Oil hovered in the mid‑$90s as the U.S. seizure of an Iranian cargo ship and Tehran’s vow to retaliate kept traffic through the Strait of Hormuz constrained, a chokepoint that carries roughly one‑fifth of global oil.
- Asian equities rebounded on talk prospects, with Japan’s Nikkei and South Korea’s Kospi advancing and India’s Sensex closing up 0.96% as easing crude prices supported importers.
- Early gains in U.S. stocks faded and major indexes closed lower Tuesday as Middle East worries outweighed upbeat earnings, while Kevin Warsh’s Fed confirmation hearing centered on his pledge to keep monetary policy independent.