Oil prices retreated and stocks flatlined on Wednesday amid mixed messages over a continued cease-fire between Iran and the United States.
After a period of relative calm, Israeli attacks in Lebanon and U.S. strikes on Iranian boats and missile launch sites this week raised new questions about the prospects for a peace deal, even as President Trump and his administration insisted one was within reach.
On Wednesday, Iran and the United States appeared to acknowledge ongoing peace talks while raising the sticking points that have stymied an agreement.
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