After the record high close on Friday, we’re not seeing any threatening drop to US stocks ahead of the open later.
And that is despite a setback to US-Iran developments, with Trump shooting down Tehran’s latest peace proposal
From Iran’s point of view, they are saying that the US demands are too much and that they cannot abide by that. On the US side, they are also claiming that Iran is making unreasonable requests. And mind you, all of this is supposed to be the framework to set up negotiations regarding nuclear/uranium.
Sure, there are some related side requests involved but this was meant to be the platform for both sides to work with. And yet, they can’t even come to terms on that. One key factor is also that Iran wants the US to lift its naval blockade.