Crude extends gains as Trump considers latest Iran proposal

Posted 4 hours ago by

Al-Monitor

Oil prices edged up and stocks wavered Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.Investors were also gearing up for key central bank meetings and earnings reports from Wall Street giants this week.Tehran was reported to have passed written messages to Washington via Pakistan spelling out its red lines in peace talks, including on its nuclear programme and the future of the crucial waterway.