New York: The US Iran deal remained stalled as Brent crude rose above $111 a barrel and a global bond selloff deepened, Bloomberg reported.
President Donald Trump warned on Sunday that Iran’s “clock is ticking.” He told Axios he wanted a deal but said Tehran’s proposal had not met US demands.
Iran’s Fars News Agency said Washington set five conditions, including uranium transfers to the US and limited asset releases. The US has not publicly confirmed those terms.
Mehr News Agency said Washington offered “no tangible concessions.” Meanwhile, a drone attack sparked a fire at a UAE nuclear plant, according to the UAE defence ministry.
Treasuries fell across the curve, while the 30-year yield hit its highest level in almost three years. Japan’s 10-year yield also jumped 10 basis points.
Read: Oil Prices Rise as Gulf Attacks Hit Markets
Markets now view a US Federal Reserve rate hike by March as almost certain. In late February, investors had expected two quarter-point cuts in 2026.
The US and Iran remain far apart on a deal to end the war and reopen the Strait of Hormuz as oil prices and bond yields rise.
