- S&P 500 futures ticked higher on Monday following a winning week as oil prices
fell slightly, with traders weighing the odds that the U.S.-Iran war could end
soon.
- Axios reported that the U.S., Iran, and a group of regional mediators were
discussing terms for a potential 45-day ceasefire that could lead to a permanent
end to the war
- A White House official also told Axios that a 45-day ceasefire is “one of many
ideas” currently under discussion.
- Iran and the U.S. have received a plan to end hostilities that, if agreed,
would result in an immediate ceasefire and the reopening of the Strait of
Hormuz. The framework, which could come into effect on Monday, was put together
by Pakistan, an unnamed source said
- President Donald Trump is set to hold a news conference with the military at 1
p.m. ET.
- Bitcoin briefly rose above $70,000 to start the week, a level not seen in
almost two weeks, according to Coin Metrics. It was last trading higher by more
than 3% at $69,595.42.
- JPMorgan’s Dimon points to risks in geopolitics, AI and private markets in
annual letter
- Trump vows Iran will be ‘living in Hell’ if Strait of Hormuz is not open by
Tuesday
