Morning Wrap: US–Iran Peace Talks in the Shadow of Trump’s Ultimatum

This article discusses the potential peace negotiations between the US and Iran, alongside Trump’s firm stance. Falling oil prices and a strong stock market are driven by hopes for a deal, while the possibility of Trump resuming military action is also raised. Japan is intervening in the currency market to manage volatility, but concerns remain about the effectiveness due to the US dollar strengthening and rising energy prices.