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Oil prices rose and stocks fell after President Trump called off a trip to Pakistan by two U.S. negotiators for peace talks with Iran.
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Iran reportedly proposes Hormuz Strait deal to U.S. Here's where things stand — and what's next for markets CNBCIran offers U.S. deal to reopen strait but postpone nuclear talks AxiosIran gave US a proposal for reopening the Strait Of Hormuz and ending the war, Axios reports ReutersStocks Rise on Iran Offer Report, Oil Pares Gain: Markets Wrap Bloomberg
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Asia stocks: Nikkei, KOSPI hit record highs tracking Wall St; Iran tensions remain Investing.comJapan, South Korea stocks hit record high as investors shrug off stalled U.S.-Iran negotiations CNBCChips carry stocks higher; oil jumps on stalled peace talks ReutersWorld shares are mostly higher and oil gains $2.50 as Iran talks remain in flux AP News
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The chip sector is on a 17-day winning streak.
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