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Global markets are entering the week balancing resilient risk appetite against renewed geopolitical strain as prospects of U.S.-Iran negotiations took a hit over the weekend.
U.S. President Donald Trump scrapped plans to send envoy Steve Witkoff and Jared Kushner to Islamabad for talks with Iran on Saturday, citing “tremendous infighting and confusion” within Tehran’s leadership.
While uncertainty looms large, Iran has offered a new proposal to the U.S. for reopening the Strait of Hormuz and ending the war, while shelving nuclear talks to a later date, Axios reported Monday, citing a U.S. official and two sources with knowledge of the matter.
Signaling that attempts to secure a deal were still ongoing, Iran’s Foreign Minister Abbas Araghchi made a brief return to Islamabad on Sunday as Pakistan’s leaders push to revive talks between Tehran and Washington — though Trump said discussions could instead take place over the phone. Araghchi has reportedly departed Islamabad for Moscow.
