US stocks hit a fresh record on Monday as traders looked past stalled US-Iran talks, even as the tensions pushed up the price of oil.
The market optimism came as US President Donald Trump met with top national security officials after Iran sent a proposal to reopen the Strait of Hormuz and end the war — and leave nuclear negotiations off the table.
The chances of a breakthrough are slim, a Mideast expert said, given that both sides are still presenting maximalist positions and Washington won’t want to lose leverage in nuclear talks.
Iran, for its part, is on a diplomatic blitz, with its foreign minister visiting Pakistan, Oman, and Russia, where he met with President Vladimir Putin.
