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US Equity Indexes Fall as Vance's Trip to Pakistan on Hold Ahead of Iran Ceasefire Deadline

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US equity indexes fell ahead of Tuesday's close as Vice President JD Vance's visit to Pakistan to negotiate a lasting peace deal with Iran has reportedly been put on hold.

The Nasdaq Composite fell 0.3% to 24,332.2, with the S&P 500 down 0.4% to 7,083.5 and the Dow Jones Industrial Average lower by 0.4% to 49,247.5. All three gauges traded higher earlier in the session.

Vice President JD Vance was set to leave this morning for Pakistan, the expected location for the next round of US-Iran talks, but his trip has been put on hold as he and other key officials gather at the White House, CNN reported.

The US blockade of the Strait of Hormuz has contributed to the ongoing uncertainty surrounding a second round of talks, CNN cited sources as saying.

US President Donald Trump reiterated that he doesn't want to extend his ceasefire deadline of Wednesday evening ET, adding that he expects "to be bombing" if a deal isn't reached, the news report added.

West Texas Intermediate crude oil futures climbed 2.8% to $92.13, and Brent crude futures advanced 1.6% to $96.98.

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