[MARKET UPDATE] Stocks bid, oil hit with Dollar sold after CNN reports Trump is sending Witkoff and Kushner to talks with Iran's Foreign Minister

The news suggests a diplomatic effort involving prominent figures from Trump's circle, which may indicate a potential thaw in U.S.-Iran relations. This development typically supports risk assets like equities, while negatively impacting oil, as a clearer resolution could lead to increased supply. Additionally, the dollar's weakness reflects a shift in investor sentiment towards risk-on dynamics, favoring currencies like the euro and yen.