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EXCERPT:
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.
Iran’s foreign minister Abbas Araghchi made a brief return to Islamabad on Sunday as Pakistan’s leaders pushed to revive ceasefire talks between Tehran and Washington, though Trump said discussions could instead take place over phone. Araghchi has reportedly departed Islamabad for Moscow.
Iran has offered a new proposal to the U.S. for reopening the Strait of Hormuz and end the war, while shelving nuclear talks to a later date, Axios reported, citing a U.S. official and two sources with knowledge of the matter.
