U.S. Stocks Rally, While Oil Slides on Middle East Diplomacy Hopes

U.S. stocks jumped and oil prices fell sharply as President Trump signaled a return to diplomacy with Iran.

Iran Says No Talks With the U.S. on Hormuz Strait

The country's foreign ministry said discussions with Oman are continuing on managing traffic through the critical passage, while President Trump called Tehran "unbelievably duplicitous."

Investors Remain Skeptical About the Yen After U.S. Intervention