Doubts about Iran-US negotiations caused Wall Street futures to decline
Futures of Wall Street’s main indices fell on Wednesday following increased doubts about the progress of Iran-US negotiations and concerns about their implications for the energy market.
While Iran has announced that it will not have any meetings with senior US envoys in the region, a knowledgeable source and an Iranian official have reported technical talks between the two countries in Doha.
Contradictory messages about the negotiations and the lack of results from several rounds of talks have made it difficult for investors to assess the outlook of developments, and concerns about the impact of Middle East tensions on global energy markets persist.
Investors are also worried that the Federal Reserve might be forced to raise interest rates and keep them high to control inflation. According to LSEG data, markets expect the US central bank to increase interest rates at least once more by the end of the year.