U.S. President Trump has accused Iran's leadership of disunity, complicating efforts to resolve a nine-week conflict that has exacerbated a global energy crisis. Despite Trump's rejection of Iran's demands, some traders view this as a negotiating tactic. Meanwhile, reports of Tehran sending a new proposal to Washington via Pakistan have contributed to a decline in oil prices. Iran's Foreign Minister, Alireza Araghchi, affirmed Iran's readiness for continued diplomacy but noted its military remains on high alert. WTI crude fell nearly 3% to around $103 per barrel on Friday.
In financial markets, the S&P 500 extended its rally, marking a fifth consecutive weekly gain, driven by robust tech earnings. Looking ahead, traders are keenly awaiting U.S. employment data, with the April non-farm payrolls report expected to show a significant job increase. Analysts predict a rise of 60,000 new jobs, stable unemployment, and accelerating wage growth, with private-sector job growth potentially exceeding expectations.
U.S.-Iran Tensions Impact Oil Prices Amid New Diplomatic Proposals
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