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Traders, hopeful on Friday that a peace deal was near, were digesting the developments over the weekend.
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President Donald Trump said Sunday that Iran had violated the ceasefire agreement with the U.S. by attacking ships in the Strait of Hormuz, and he repeated threats to attack Iranian energy infrastructure unless it accepts a deal to end the war."Iran decided to fire bullets yesterday in the Strait of Hormuz — A Total Violation of our Ceasefire Agreement!
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The gas-rich Gulf nation is in a state of "strategic shock" after the war dealt a serious blow to its economy, sending ripples around the world.
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The president accused Iran of violating the ceasefire as ships reported attacks in the Strait of Hormuz but said U.S. representatives would be back at the table this week.
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