U.S. stocks rose and global oil prices fell following reports that the US had sent Iran a 15-point peace plan, which initially led to hopes that the Trump administration was moving towards ending its monthlong war against Iran. However, unconfirmed reports from Iranian media stated that Tehran would not accept a ceasefire or hold talks with the United States. Despite this setback, stocks opened the trading day higher, with the S&P 500 index rising about 1%, the Nasdaq Composite rising 1.2%, and the Dow jumping 575 points. The price of U.S crude oil fell more than 4% in morning trading to about $88 per barrel. Meanwhile, West Texas Intermediate, or WTI, crude oil has soared more than 30% since the start of the war. The situation continues to be volatile, with analysts at ING stating that uncertainty remains high and that central banks are likely to remain on hold rather than cut rates.