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Share futures ease, dollar gains as Gulf talks teeter
Key takeaways
- President Donald Trump on Sunday rejected Iran s response to a U.S. proposal for peace talks to end the war, saying Tehran s demands were "totally unacceptable."
- "The conflict in the Middle East is now entering its 11th week," noted Bruce Kasman, global head of economics at JPMorgan.
- "The risk of a sharper move rises with each week the Strait of Hormuz stays closed, and our commodities team sees operational stress levels starting sometime in June."
President Donald Trump on Sunday rejected Iran s response to a U.S. proposal for peace talks to end the war, saying Tehran s demands were "totally unacceptable."
An Iranian plan sent to the U.S. stressed the need for an end to the war on all fronts and the lifting of sanctions on Tehran, along with reparations and a recognition of Iran s control of the Strait, Iranian media reported.
"The conflict in the Middle East is now entering its 11th week," noted Bruce Kasman, global head of economics at JPMorgan. "Energy prices have surged but remain at levels that are headwinds rather than expansion-ending obstacles."
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