Mideast Peace Efforts in Focus as Trading Resumes: Markets Wrap

The month-long surge in risky assets faces another test as investors gauge the viability of the latest Mideast truce proposals and await a key US employment report to assess the war’s economic impact.

President Donald Trump said in a social media post on Sunday that the US will begin guiding some ships that aren’t involved in the Iran conflict out through the Strait of Hormuz starting Monday. He also said US representatives are having “very positive discussions” with Iran that could lead to something “very positive for all.”