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US Sees Omani Neutrality as a Threat, Pushes Muscat to Cut Ties with Tehran
The US opposes Oman maintaining relations with Iran and wants Muscat to pick a side in the conflict. Omani neutrality has allowed Muscat to act as a mediator in the region. The Wall Street Journal reported on Monday that American and Arab officials said the White House views Oman’s neutrality as a threat. Oman’s position […]
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US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal
US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal
Global markets soared in a risk-on rally following the announcement of a US-Iran deal Sunday night. Stocks and bonds rallied while oil tumbled to a three-month low after the US and Iran said they have reached an interim agreement to reopen the Strait of Hormuz and halt the war. This will provide a 60-day window for negotiation. As of 8:00am ET, Nasdaq 100 futures advanced 2.1%, while those for the S&P 500 rose 1.3%. In the pre-market, Mag 7 are all higher...
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