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The latest in the Iran War and how the U.S. Forest Service is getting pruned.

From Marketplace. I'm Sabri Beneshore in New York. First, peace talks between the U.S. and Iran are still stalled, although Iran has reportedly floated the idea of reopening the Strait of Hormuz in exchange for the U.S. ending its blockade of Iranian ports. That's according to Axios. Meanwhile, Iran's foreign minister is in Moscow for talks with Vladimir Putin. The price of oil is at a three-week high. Stock markets are mostly stable,

and Jane Foley is head of foreign exchange strategy at Rabobank in London is here to talk about it.

Welcome. It's great to be here. So, you know, deal, no deal, straight's open, straights closed, at this point, who knows, right?

So are markets even factoring in day-to-day developments in the war anymore?

Well, certainly there's less volatility than there was at the very beginning.

But the markets do seem to be primed to take a more optimistic view. As long as there is

progress towards talks, well, it does appear that many investors do seem justified in taking

this glass half full approach. Markets might be tilting towards optimism, but markets are not the economy.

So what signs do we have about how the economy, the U.S. economy, is dealing with, you know, sustained high gas prices and other supply chain disruptions?

Well, there are products which demand quite a lot of energy to produce.

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