00:00Alright, this segment we're going to be focusing on Awani International with US stocks closed slightly lower on Monday
00:06with each of the three major indexes coming off a third straight week of gains
00:10as renewed US-Iran tensions put the durability of a two-week ceasefire in doubt.
00:15Iran is considering attending peace stocks for the US in Pakistan,
00:19a senior Iranian official told Reuters following moves by Islamabad to end a US blockade of Iran's ports.
00:28However, a separate source said Vice President J.D. Vance was still in the US
00:32denying reports he was on his way to Pakistan for talks.
00:37Iran opened the Strait of Homos on Friday, fueling a broad market search
00:41with the S&P 500 and the Nasdaq posting record highs for a third straight session
00:46for their biggest weekly gains in 11 months.
00:49However, Tehran closed the crucial shipping waterway again over the weekend.
00:54Today we got markets, you know, in that digestion period of what's going on in the Middle East.
01:01You know, last week we ended the week with a strong rally
01:05because there was just talks, stronger talks about a deal
01:09being made between the US and Iran.
01:12And just kind of over the weekend saw some deterioration of
01:16kind of evidence on what that would look like and if it was really going to even happen.
01:20So, you're seeing stocks sell off a little bit today
01:23and just overall kind of the pessimism is creeping back into markets today.
01:28U.S. crude jumped 6.87% to settle at $89.61 a barrel
01:33and Brent rose to settle at $95.48 per barrel, up 5.64% on the day,
01:40lifting the S&P 500 Energy Index as one of the better performing
01:43of the 11 S&P 500 sectors on the session.
01:48The S&P 500 lost 16.92 points or 0.24% to end at 7,109.14 points,
01:56while the Nasdaq Composite lost at 64.09 points or 0.26% to 24,404.39.
02:05The Dow Jones Industrial Average fell 4.87 points or 0.01% to 49,442.56.
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