Ahead: Iran Talks, Fed Hold, US GDP

• Stalled US‑Iran negotiations keep the Strait of Hormuz closed, keeping crude oil prices above pre‑war levels and risking global supply.
• About 35% of S&P 500 firms, including AI‑heavy megacaps Alphabet, Microsoft and Meta, will report earnings this week, supporting tech optimism.
• The Fed is expected to hold rates Wednesday; ECB, BOE and BOJ also likely to keep rates steady amid war‑linked inflation.
• US Q1 GDP is projected at 2.2% annualised growth, up from 0.5% in Q4 2025, with PCE inflation data also due.