U.S. reportedly carries out new airstrikes on Iran
CNBC • • business
Key Points:
- U.S.-Iran diplomatic talks caused oil prices to drop over 5%, with Secretary of State Marco Rubio expressing cautious optimism about progress while warning of potential military action if diplomacy fails.
- New U.S. airstrikes targeted an Iranian military site overnight, causing a rebound in oil prices and adding uncertainty to the fragile negotiations.
- President Trump opposed Russia or China gaining control over Iran's enriched uranium, complicating the ongoing talks further.
- The Dow Jones Industrial Average surged about 200 points to a record close, boosted by easing energy prices and strong tech earnings, including significant gains by Snowflake and Salesforce.
- Investors are focusing on a key April inflation report, with Fed officials emphasizing inflation control as a priority, which will influence expectations for future interest rate decisions.