US Stock Market | Wall Street advances as investors bet on Mideast de-escalation

While Abbas Araqchi, Iran's foreign minister, said that authorities were reviewing the U.S. proposals, ‌he added that Tehran ⁠has no ⁠intention to hold talks with Washington. Initially, Iran said it considered U.S. proposals delivered by Pakistan as excessive and demanded sovereignty over the Strait of Hormuz. The mixed messages led to choppy trading. Michael James, equity sales trader at Rosenblatt Securities, said: "There are a lot of frayed nerves out there with sentiment and headlines driving a lot of ...