Stocks Rally as US, Iran Look to Revive Talks
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Good morning. Easing tensions in the Middle East spur a rally in stocks. Alibaba joins China’s robot frenzy. And Rolls-Royce ushers in a new era of custom hyper-luxury cars. Listen to the day’s top stories.
Stocks soared and oil plunged as Washington and Tehran were said to be seeking a second round of peace talks before a ceasefire expires next week. The Islamic Republic is mulling a pause in shipments through the Strait of Hormuz to help ease the path toward an agreement on time and place. The US will allow a waiver of sanctions on Iranian oil at sea to expire this weekend, while Lebanon and Israel met in a bid to pause the war with Hezbollah.