Overview

• Iran has reached out to nations including Saudi Arabia and Qatar to urge President Trump to press Israel for a ceasefire in return for flexibility in nuclear talks.
• The Dow Jones Industrial Average rose 0.75% on Monday, the S&P 500 climbed 0.94% and the Nasdaq Composite gained 1.52% as markets responded to de-escalation signals.
• Crude oil benchmarks fell nearly 2%, with Brent and West Texas Intermediate futures dropping more than 1% following reports of Tehran’s willingness to negotiate.
• The Israel-Iran exchanges have inflicted hundreds of civilian casualties and continued strikes on energy sites, including an air attack on Iran’s state television headquarters.
• U.S. investors are now focused on this week’s Federal Reserve meeting, where policymakers are expected to maintain interest rates at 4.25% to 4.50%.