S&P 500 6,617 ↑ · EUR/USD 1.16 ↑ · Brent $95.20 ↓ · 10Y UST 4.35% ↓ · Gold $4,787 ↑ · VIX 19.23 ↓
Twenty-one hours of talks in Islamabad ended this morning without agreement. Vance said Iran refused to commit to abandoning nuclear weapons. Tehran called US demands “unreasonable.” Neither side addressed the issue markets care about: the Strait of Hormuz r…