US stocks close higher as Iran tensions simmer
The US carried out covert strikes on Iran, escalating Gulf war tensions. US stocks closed marginally higher despite the rising tensions.
The USD is higher to start the new trading week, with bias higher for major pairs technically. US existing home sales for April were 4.02M, versus the 4.05M estimate.
Crude oil futures settled at $98.07, and the U.S. Treasury auctioned off $58 billion of three-year notes at a high yield of 3.965%. The US and Iran have made little headway in peace negotiations over the weekend.
President Trump criticized Iran’s response to the reported US 14-point peace framework, calling it unacceptable and signaling growing frustration that negotiations may be breaking down.