Markets enter a busy week focussed on volatility around Iran negotiations and the Strait of Hormuz, where Iran announced Saturday it was closing the waterway citing ceasefire violations, only to commit to sending negotiators to Switzerland for Sunday talks with Vice President J.D. Vance.
The U.S. and Iran signed a memorandum of understanding last Wednesday that opened Hormuz with Lebanese ceasefire components, though fighting between Israel and Iranian-ally Hezbollah resumed Saturday despite their Friday agreement.
