Global markets are dealing with renewed geopolitical strain, with prospects of U.S.-Iran negotiations taking a hit over the weekend. U.K. President Donald Trump cancelled plans to send envoy Steve Witkoff and Jared Kushner to Islamabad for talks with Iran, citing "tremendous infighting and confusion" within Tehran's leadership. Iran's foreign minister, Abbas Araghchi, has reportedly offered a new proposal for reopening the Strait of Hormuz and ending the war. Goldman Sachs now expects oil prices to stay higher for longer, raising its Brent forecast to $90 a barrel by late 2026 from $80 due to persistent disruptions in the Persian Gulf. Experts warn that the longer the strait remains disrupted, the more acute the economic impact of rising prices. Despite this, global markets have shown surprising resilience, with recouped losses sustained in the initial outbreak of the war and hovering near record highs despite the ongoing energy shock.