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US dollar edges higher as Iran ceasefire deadline approaches

US dollar edges higher as Iran ceasefire deadline approaches

By Stefano Rebaudo April 21 (Reuters) - The U.S. dollar edged higher on Tuesday after falling the day before as uncertainty over Middle East peace talks kept investors on the sidelines.
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Morning Bid: Markets long for peace, prepare for Warsh

Morning Bid: Markets long for peace, prepare for Warsh

A look at the day ahead in European and global markets from Gregor Stuart Hunter: The clock is ticking for Iran's ceasefire with the U.S. to expire, though markets are looking through the risks for now.
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Fed nominee Warsh prepares for monetary policy road test before Senate panel

Fed nominee Warsh prepares for monetary policy road test before Senate panel

By Howard Schneider WASHINGTON, April 20 (Reuters) - After more than a decade criticizing the U.S. central bank, former Federal Reserve Governor Kevin Warsh faces a mark-to-market moment in a Senate hearing on Tuesday when lawmakers will likely press the Fed chief nominee to flesh out his monetary
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President Trump Announces U.S. Seizure of Iranian Tanker Amid Rising Tensions

President Trump Announces U.S. Seizure of Iranian Tanker Amid Rising Tensions

President Donald Trump has announced that the U.S. Navy has struck and seized an Iranian tanker attempting to breach a U.S. blockade. This action comes as tensions between the United States and Iran escalate, with the ceasefire between the two nations in jeopardy. The White House has indicated that Vice President JD Vance and other negotiators will travel to Pakistan for a new round of peace talks with Iran. The seizure of the tanker is part of a broader strategy to exert pressure on Iran amid ongoing diplomatic efforts.
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Warsh's path to top Fed job entangled ahead of Senate confirmation hearing

Warsh's path to top Fed job entangled ahead of Senate confirmation hearing

By Howard Schneider WASHINGTON, April 21 (Reuters) - Former Federal Reserve Governor Kevin Warsh on Tuesday takes the next step to becoming the head of the U.S. central bank with a hearing before the Senate Banking Committee, his confirmation ultimately likely but still embroiled in a dispute over a
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Dollar subdued as markets eye ceasefire talks; yen pressured by BOJ delay

Dollar subdued as markets eye ceasefire talks; yen pressured by BOJ delay

By Jiaxing Li HONG KONG, April 21 (Reuters) - The dollar and yen were under pressure on Tuesday, with investors poised to buy riskier currencies and hoping for a U.S.-Iran deal to reopen Gulf shipping, while a sticky inflation reading lifted the New Zealand dollar.
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President Trump Warns Iran with 'No More Mr. Nice Guy' Stance in Talks

President Trump Warns Iran with 'No More Mr. Nice Guy' Stance in Talks

President Trump has taken a firm stance in ongoing negotiations with Iran, declaring 'No more Mr. Nice Guy' in a recent Truth Social post. He emphasized that the United States is offering a 'very fair and reasonable deal' but warned of decisive actions if Iran rejects the proposal. This development comes amid heightened tensions and recent incidents in the Strait of Hormuz, where Iranian forces have reportedly engaged with oil tankers. The situation underscores the complex dynamics of US-Iran relations and the challenges in reaching a diplomatic resolution.
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U.S. Prepares for Peace Talks as President Trump Threatens Iran

U.S. Prepares for Peace Talks as President Trump Threatens Iran

U.S. negotiators are preparing for another round of peace talks with Iran in Islamabad, Pakistan, amid ongoing tensions in the Strait of Hormuz. President Trump has reiterated threats against Iran, warning of potential military action if a deal is not reached. The U.S. blockade of the Strait, a critical passage for global oil, continues to strain relations, with Iran closing the waterway in response. The blockade has reportedly cost Iran $500 million daily, while the U.S. claims no losses. Iran's chief negotiator, Mohammed Bagher Qalibaf, has stated that Iran will not allow passage through the Strait while the blockade persists.
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US stock futures climb as AI optimism tempers Middle East concerns

US stock futures climb as AI optimism tempers Middle East concerns

April 21 (Reuters) - U.S. stock index futures rose on Tuesday as renewed artificial intelligence optimism bolstered markets battered by repeated back-and-forth linked to headlines about the Middle East conflict. J.P.
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President Trump Unlikely to Extend Iran Ceasefire Amid Peace Talk Uncertainty

President Trump Unlikely to Extend Iran Ceasefire Amid Peace Talk Uncertainty

As the deadline for the Iran ceasefire approaches, uncertainty looms over the potential for further peace talks. Iran is reportedly preparing to send a delegation to Pakistan for discussions, despite public statements suggesting otherwise. President Trump has indicated that he is 'highly unlikely' to extend the ceasefire if a deal is not reached. This development comes as tensions remain high in the region, with various stakeholders closely monitoring the situation. The ceasefire, initially intended to provide a temporary halt to hostilities, now faces the challenge of securing a lasting peace agreement.
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President Trump Warns Ceasefire with Iran May End Without Deal by Wednesday

President Trump Warns Ceasefire with Iran May End Without Deal by Wednesday

President Donald Trump has indicated that the temporary ceasefire between the United States and Iran could end if a long-term agreement is not reached by Wednesday. Speaking aboard Air Force One, Trump mentioned receiving 'pretty good news' regarding the situation with Iran, though he did not provide specific details. The ceasefire, which is part of ongoing negotiations to end hostilities, remains fragile as both sides have yet to finalize a comprehensive deal. Trump emphasized that the blockade on Iranian ports would continue until an agreement is reached, and warned that military actions could resume if talks fail. Iranian officials have denied some of Trump's claims, particularly regarding the status of the Strait of Hormuz, which they assert requires coordination with Iranian authorities for passage.
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Iranian Official Rejects U.S. Demands, Stalling Nuclear Talks

Iranian Official Rejects U.S. Demands, Stalling Nuclear Talks

Iranian Deputy Foreign Minister Saeed Khatibzadeh announced that Iran is not ready to engage in new face-to-face talks with the United States due to what he described as 'maximalist' demands from Washington. In an interview at a diplomacy forum in Turkey, Khatibzadeh emphasized that Iran will not hand over its enriched uranium to the U.S., countering claims by President Trump. The U.S. has been firm on its demands, which Iran finds excessive, leading to a stalemate in negotiations. The discussions are part of ongoing efforts to address concerns over Iran's nuclear capabilities, with the U.S. seeking to retrieve enriched uranium believed to be stored in Iran.