Pakistan Signals Progress on U.S.-Iran Deal Amid Reparation Disputes and Market Volatility

Pakistan has reported progress toward a potential diplomatic agreement between the U.S. and Iran, even as both nations trade demands for reparations and prospects for a deal to reopen the Strait of Hormuz fluctuate. President Trump's demands for Iranian reparations briefly drove oil prices up, with crude hovering around $82 per barrel. Global financial markets reacted to the geopolitical developments, with U.S. stock indexes and the Dow rising on the claims, gold and silver prices climbing, and Rocket Lab shares falling sharply following its latest earnings report.