Oil prices surged as markets reopened on Sunday following news that U.S. peace talks with Iran had ended without a deal.

A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation.

Investors were in a more sober mood after sharp moves on the previous day.

Markets reacted positively after the United States and Iran reached a last-minute cease-fire agreement.

President Trump's Tuesday evening deadline for a deal approached after he rejected a cease-fire proposal as “not good enough.”

President Trump claimed in a White House address that the war on Iran was “nearing completion” but made no new announcements about the conflict.

President Trump said the U.S. military would wrap up its campaign in Iran in two or three weeks.

Investors weighed the news that the owner of a Kuwaiti tanker loaded with oil said it had been hit in an Iranian attack near Dubai.

Investors digested increasing signs of escalation of the U.S.-Israeli war in Iran, which has led to a blockage of critical energy supplies.

President Trump said on Thursday he would delay an imminent deadline to begin attacking Iran’s power grid.