Dan Schwartzman

Ahead of U.S.-Iran nuclear talks starting tomorrow in Switzerland, Israeli Prime Minister Benjamin Netanyahu has proposed terms to President Trump for a de-escalation deal with Iran.

Israel says Iran shouldn't possess enriched material or nuclear enrichment capabilities while also suggesting the U.S.

should look to limit Iran's range of ballistic missiles.

Talks between the U.S.

and Iran broke down last year after Israel launched a 12-day war with the U.S.

bombing Iran's nuclear sites.

President Trump has since threatened to strike again if an agreement is not reached.

U.S.

Secretary of State Marco Rubio says he hopes a deal can be achieved.

That's Secretary of State Marco Rubio speaking in Hungary.

Oil flipped between gains and losses as traders monitored geopolitical risks before those talks between the U.S.

and Iran.

West Texas Intermediate was trading near $63 a barrel.

Oil has rallied more than 10 percent this year as escalating tensions with Iran as well as potential supply disruptions have outshone concerns over a global glut.

Meanwhile, President Trump's Board of Peace for Gaza is expected to meet in Washington this week to talk about rebuilding the Palestinian enclave.

Trump says members will discuss $5 billion worth of commitments, although some reports estimate construction could cost upwards of $70 billion.

Meanwhile, Democrats are demanding reforms for ICE, but Republican Senator Mark Wayne Mullen of Oklahoma says it's all political theater.

That's Republican Senator Mark Wayne Mullen on CNN.

There could be a second bidding war for Warner Brothers Discovery, as its board is reportedly weighing Paramount's new offer, which includes a breakup fee if Warner ends its deal with Netflix.

Bloomberg's Tony Shushka says Netflix could get the short end of the stick.