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Iran War Live Updates: U.S. Is Said to Have Sent Iran a Peace Plan
The 15-point proposal, sent via Pakistan, reflects the Trump administration’s eagerness to find an offramp from the conflict as it grapples with its economic fallout, according to two officials briefed on the diplomacy.
Here’s the latest.
The United States has sent Iran a plan for ending the war in the Middle East, according to two officials briefed on the diplomacy, reflecting the Trump administration’s desire to find an offramp to a conflict that has deeply rattled the global economy.It was unclear whether Iran was likely to accept the plan, sent via Pakistan, as a basis for negotiations, or whether Israel, which has been bombing Iran together with the United States for four weeks, was on board with it…. more on NYT
NAS100 (NASDAQ) UPDATE
- Little choice to take it one day at a time in this headline driven market.
- Meanwhile staying more on the defensive while below 24500-550 but downside contained while above the 23561 low.
- This suggests a 23500-24500 consolidation range where 24000 sets the tone.
NAS100 4 HOUR CHART
US500 (SP500) UPDATE
- Trading within the 6500-6600 no man’s land range where follow through is proving difficult in a headline driven market.
- Onus is on the bull side to hold above 6500 and then at least solidly regain 6600 to prevent the 6435 low coming back on the radar.
- Broad range 6435-6697
US500 4 HOUR CHART
Out awhile ago… another news algo led headline whipsaw… crude oil dipped, ripple effect elsewhere
March 24 Pre-Market Earnings Release Stocks
(EVTL) Vertical Aerospace shares were up prior to market opening but lost all gains to end at $3.33 (-5.4%). The company’s quarterly adjusted loss of £0.42 per share for the quarter ending December 31 was higher than the prior year when EPS was -£2.23.
(SMTI) Sanara MedTech Inc. had record 2025 sales of $103.1M (+19% YoY), an increase in gross margin to 93%, and generated operating cash flow of $6.8M. Q4 2025 revenue was $27.5 million and total 2025 net revenues $103.1 million reflect 19% YoY revenue growth.
(LENZ) LENZ Therapeutics, Inc. was trading down 13% to $9.63 after hitting a low of $9.21 shortly after the beginning of trading. The net loss for Q4 2025 was $35.9 million, reflecting the increase in SG&A expenses.
News algos reacted to this headline but further reading indicates it has not reached the level of negotiations (reaction proved limited)
The day after an earthquake trading has seen limited follow through across global markets as another slew of headlines, mostly negatiove, have so far had limited impact.
This feels like the calm before the next storm with a window until the 5 day extension to attack Iran’s power plants, if it stands, means more of a weekend risk than during the week.
Middle East reality check and potentially irreconciable differences
Trading today is like the day after an earthquake
As opposed to a tsunami or hurricane, an earthquake comes without a warning and thus comes as a surprise.
This can be likened to yesterday’s price action where a surprise post by the US President immediately reversed price action in crude oil , whose plunge had ripple effects across other global markets.
After an earthquake, the focus is on assessing the damage and whether there are any aftershocks.
In the case of trading, the damage to accounts was caused by immediately wiping out stops yesterday (with a lot of slippage) but so far no aftershocks (more headline news). This leaves markets in a state of limbo waiting for the next headline driven move but restrained without any nearby key stops to go after.
US PRE-MARKET MOVERS: APO, JEF, JHG, SFD, CNM, CNXC, RL, CRWV
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