U.S. and Iran Agree to Halt Strikes, Resuming Peace Talks in Doha as Oil Pares Gains
- After a weekend of tit-for-tat strikes — including U.S. hits on southern Iran and Iranian drone/missile attacks on Bahrain and Kuwait — both sides agreed to stand down, with technical talks on the Strait of Hormuz set to resume in Doha early this week.
- President Trump warned Iran 'will no longer exist' if it does not halt actions, underscoring how fragile the interim deal signed days earlier remains (Bloomberg Markets Wrap, 09:59PM).
- Oil initially spiked on tanker attacks in the Persian Gulf but pared gains on the stand-down news, while U.S. stock futures turned higher; the development reframes the risk premium hanging over global energy and rates markets heading into the June jobs report.