U.S.-Iran peace talks stall. Here's where things stand — and what's next for global markets

us-iran peace talks stalled over the weekend. trump scrapped plans to send witkoff and kushner to islamabad, citing "tremendous infighting and confusion" in tehran. iran's foreign minister araghchi made a brief return to islamabad sunday, then left for moscow. iran offered a new proposal to reopen the strait of hormuz and end the war, shelving nuclear talks. oil inched higher monday. brent rose about 1% to $106.55, us crude added 0.88% to $95.23. goldman sachs raised its brent forecast to $90 by late 2026 from $80, citing persistent gulf disruptions. the bank estimates global inventories are drawing at a record 11-12 million barrels per day in april. invesco says $80 is likely a floor for brent this year absent full normalization. equities showed surprising resilience. japan's nikkei 225 and south korea's kospi hit new record highs monday. the 10-year treasury yield edged up 1 basis point to 4.322%. analysts described a tug-of-war between geopolitical risk and ai momentum, with the ai side winning for now. some warned sentiment is stretched — "i wouldn't be chasing here," said global x's leung.