{"id":3695,"date":"2026-05-26T05:01:48","date_gmt":"2026-05-26T05:01:48","guid":{"rendered":"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/05\/26\/morning-bid-peace-talks-hit-turbulence\/"},"modified":"2026-05-26T05:01:48","modified_gmt":"2026-05-26T05:01:48","slug":"morning-bid-peace-talks-hit-turbulence","status":"publish","type":"post","link":"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/05\/26\/morning-bid-peace-talks-hit-turbulence\/","title":{"rendered":"Morning Bid: Peace talks hit turbulence"},"content":{"rendered":"<article><!-- --><!-- --><!-- WPS-5038 -- removed the script from WPS and added the placeholder for trinity player --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- CONTENT --><!--[--><!--[--><\/p>\n<p>A look at the day ahead in European and global markets from Rae Wee<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Oil prices climbed on Tuesday, after the U.S. military conducted strikes in southern Iran in what it described as defensive actions, just as investors were growing more hopeful of a peace deal between the two nations.<\/p>\n<p>Read more <a href=\"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/05\/26\/elk-grove-fire-crews-contain-two-home-blaze-no-injuries-reported\/\">Elk Grove fire crews contain two-home blaze, no injuries reported<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The strikes came as Iran&#8217;s top negotiator and its foreign minister were in Doha on Monday for talks with Qatar&#8217;s prime minister on a potential deal with the U.S. to end the three-month-old war.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Washington and Tehran have played down hopes for an imminent breakthrough. That kept optimism in check, with the dollar regaining some of its safe-haven appeal while stocks were mixed.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Investors are hoping for a deal to end the war, with focus on the reopening of the Strait of Hormuz.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Japan&#8217;s Nikkei newspaper reported that the U.S. and Iran are discussing a plan to open the waterway about 30 days after the two countries reach a deal to end hostilities, though details remain scant.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Until then, energy prices are likely to remain elevated, putting policymakers in a bind and adding more pressure on businesses and everyday consumers as inflation picks up.<\/p>\n<p>Read more <a href=\"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/05\/26\/steyer-becerra-clash-over-paid-influencers-in-ca-governors-race-what-to-know-2\/\">Steyer, Becerra clash over paid influencers in CA governor\u2019s race. What to know<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>In Sri Lanka, the central bank caught markets off-guard by raising its benchmark policy rate by an outsized 100 basis points, in a bid to stem inflation and sharp pressure on the currency.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Meanwhile, Bank of Japan Deputy Governor Ryozo Himino said developments in the Middle East will factor into the central bank&#8217;s rate-hike timing.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Investors are now leaning toward a 25-basis-point rate hike from the Federal Reserve by December, a sea change from the two cuts priced in at the start of the year, while the European Central Bank and the Bank of England are also seen tightening policy.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>On the data front, the Conference Board&#8217;s U.S. Consumer Confidence Index is due later on Tuesday.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>The index is expected to edge down eight-tenths of a point to 92 in May, with higher gasoline prices triggered by the Iran war likely to remain a source of concern for consumers.<\/p>\n<p>Read more <a href=\"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/05\/26\/dodgers-among-4-teams-linked-to-potential-tarik-skubal-trade\/\">Dodgers Among 4 Teams Linked to Potential Tarik Skubal Trade<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Key developments that could influence markets on Tuesday: <\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>&#8211; U.S. consumer confidence (May)<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p> (Editing by Jacqueline Wong)<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p><i> Copyright Reuters or USA Today Network via Reuters Connect.<\/i><\/p>\n<p><!--]--><!--]--><!-- --><\/p>\n<p>This story was originally published <span>May 25, 2026 at 9:38 PM<span>.<\/span><\/span><!-- --><\/p>\n<p><!-- --><!-- --><!-- --><\/article>\n","protected":false},"excerpt":{"rendered":"<p>A look at the day ahead in European and global markets from Rae Wee<\/p>\n","protected":false},"author":1,"featured_media":3694,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-3695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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