Trump Says U.S.-Iran Talks Are Underway as Stocks Rally
President Donald Trump said talks with Iran are underway, although Iran does not want to describe the discussions that way, according to his remarks. Trump said Iran wants to discuss the Strait of Hormuz and denuclearization. He said the United States is holding talks with Iran at Iran’s request and described the discussions as Iran’s last chance. He said the two sides would discuss reopening the strait by tomorrow, Tuesday. The first phase of the dialogue concerns reopening the Strait of Hormuz, while the second phase will address denuclearization. Trump said denuclearization talks would continue for “a period of time.” “You will know the progress of the Iranian negotiations today or tomorrow,” he said. The S&P 500’s gain widened to 1.5%. The Dow Jones Industrial Average was up 595 points, with its gain holding at 1.1%. The Nasdaq Composite rose 2.2%, while the semiconductor index gained more than 1.3%.
Trump said Iran wants to discuss the Strait of Hormuz and denuclearization. He said the United States is holding talks with Iran at Iran’s request and described the discussions as Iran’s last chance.
He said the two sides would discuss reopening the strait by tomorrow, Tuesday. The first phase of the dialogue concerns reopening the Strait of Hormuz, while the second phase will address denuclearization. Trump said denuclearization talks would continue for “a period of time.”
“You will know the progress of the Iranian negotiations today or tomorrow,” he said.
The S&P 500’s gain widened to 1.5%. The Dow Jones Industrial Average was up 595 points, with its gain holding at 1.1%. The Nasdaq Composite rose 2.2%, while the semiconductor index gained more than 1.3%.