US stocks closed higher as Iran aims to deescalate the clash with Israel. Oil prices eased. Fed meets on rates this week. No one expects a rate cut.

Iran has warned it will ramp up its nuclear activities after the United Nations nuclear watchdog’s 35-member board of governors adopted a resolution Thursday declaring it in breach of its non-proliferation obligations.

Iranian President Masoud Pezeshkian affirmed Wednesday that his country will not yield to “American arrogance” regarding its nuclear program. Speaking to the official IRNA news agency, Pezeshkian said negotiations with the US and Europe over the nuclear file are ongoing.

The IAEA is expected to vote on a draft resolution stating that Iran has not provided answers and is violating commitments regarding the nuclear agreement.

Crude oil reversed course Monday amid ongoing tensions between Israel and Iran. This as President Trump heads to the G-7 meeting in Canada. U.S. stocks drifted as investors kick off the week. FOX Business is providing real-time updates on the markets,

By Alexander Cornwell, Parisa Hafezi and Jaidaa Taha TEL AVIV/DUBAI (Reuters) -An Israeli strike hit Iran's state broadcaster on Monday while the head of the U.N. nuclear watchdog indicated extensive damage to Iran's biggest uranium enrichment plant and Iran called on the U.