Report: Iran Halts US Talks, Axios: Hezbollah Ready for Truce, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Nathan Hager. A new month does not appear to mean new breakthroughs between the U.S. and Iran. The semi-official Taznim news agency is reporting Iran has halted message exchanges with the U.S. in protest over Israel's weekend incursion into Lebanon. That's after President Trump posted on social media that talks on an interim peace deal will work out fine and critics should relax. Bloomberg's Tyler Kendall has more from Washington.
Reports this morning from Iranian state media that some of those main sticking points still remained, including that in this draft agreement that the two sides are working on, it would not include any mention of Iran's highly enriched stockpile, whether that is transferring it or disposing of it. Not necessarily surprising since we know that the approach to these negotiations is a phased one and that any talk about curbs to the nuclear program would come at a later date.
And Bloomberg's Tyler Kendall reports all this comes as both sides continue to trade fire near the Strait of Hormuz. U.S. Central Command says it intercepted two ballistic missiles aimed at forces in Kuwait overnight. That's after the U.S. carried out defensive strikes on Iranian radar and drones near the Strait over the weekend. Meantime, Axios is reporting the head of Lebanon's parliament, Nabi Berry, has told the Trump administration Hezbollah, the Iran-backed militia, is ready for a full and immediate ceasefire with Israel and has pledged to guarantee its implementation. Right now, Brent is still on the rise. It's up nearly 6%, trading close to $96 a barrel. West Texas Intermediate's at $93, a gain of 6.5% there.
And stocks are mixed. The S&P 500's up 0.1%. The Dow Jones Industrial Average is 0.2% lower. And the Nasdaq Composite is on the rise by 0.4%. An important day in the midterm elections is coming up tomorrow. Six states are holding primaries, including California, where more than five dozen names are on the ballot for governor. One of them is Republican Steve Hilton. He was on the trail over the weekend in San Francisco.
Obviously, a great honor to be endorsed by the president of the United States. I think that it's going to mean that when I'm governor, we'll have a cooperative relationship with the administration in Washington.
Republican Steve Hilton's hoping to be one of the top two vote-getters in California's jungle primary system. The Los Angeles mayor's race is one to watch as well. Incumbent Karen Bass is facing more than a dozen challengers, including Trump-backed former reality star Spencer Pratt. New Jersey is holding primary elections as well. Republican Congressman Tom Kaine Jr. is running unopposed, but he'll face the winner of a competitive Democratic primary. Democrats are also pinning their hopes on Iowa after years in the political wilderness in the Cornhusker State. This year, three of Iowa's four House seats are seen as competitive, along with the Senate seat that's being vacated by retiring Republican Joni Ernst.
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