South Korea Financial Markets

A dealer walks past the screens showing the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, April 21, 2026.

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Stocks slip and oil prices rise on uncertainty about US-Iran ceasefire talks

Stocks slip and oil prices rise on uncertainty about US-Iran ceasefire talks

U.S. stocks and oil prices flip-flopped as uncertainty rose about what will happen following a two-week ceasefire in the war with Iran, which had been set to expire Wednesday. The S&P 500 erased an early rise and fell 0.6% Tuesday after Vice President JD Vance called off a trip to Pakistan, where he was expected to lead U.S. negotiators in talks with Iran to extend the ceasefire. The Dow Jones Industrial Average fell 293 points after erasing an earlier rise of 400 points, and the Nasdaq composite lost 0.6%. The moves were more modest than the swings that rocked Wall Street earlier in the war.