Oil Sinks and Nasdaq Trims Losses as Iran Signals Flexibility in US Negotiations

Crude oil prices fell sharply and the Nasdaq trimmed losses amid improving risk sentiment following diplomatic overtures from Iran. Iranian President Masoud Pezeshkian announced that the Supreme Leader granted the government specific authorities regarding talks with the United States. Over the weekend, Iran proposed a shortened two-day framework to reopen the Strait of Hormuz—down from a prior seven-day proposal—demanding sanctions relief, asset unfreezing, and lifting the blockade. Although Washington has not yet formally accepted, easing supply disruption fears helped temper inflation concerns, even as the Nasdaq trades below its broken 28,800 support level.