SpaceX's Starship reached orbit for the first time, Iran's foreign minister meets mediators in New York, the UAE confirmed its president hosted Israel's prime minister, and stocks closed lower as oil rose.
SpaceX's Starship, the largest rocket ever built, reached Earth orbit for the first time on its 14th test flight, launched Monday morning from Texas. One of the upper stage's engines shut down during the climb, but flight controllers pressed on. The ship deployed 26 Starlink satellites and later came down in the Pacific Ocean; the Super Heavy booster splashed down in the Gulf of Mexico.
Iranian Foreign Minister Abbas Araghchi is meeting mediators in New York to review the latest proposals, including an amended version of Iran's seven-day proposal presented at the U.N. General Assembly. An official told Reuters the U.S. and Iran are expected to hold separate talks with Qatari mediators on Monday and Tuesday. Iran's U.N. delegation says no direct talks with the U.S. are planned.
The United Arab Emirates' state news agency WAM confirmed that President Sheikh Mohamed bin Zayed Al Nahyan received Israeli Prime Minister Benjamin Netanyahu on Sunday and discussed bilateral relations. Netanyahu's office said the visit focused on strengthening relations and regional challenges; three senior Israeli officials told Reuters the meeting concentrated on Iran.
The Dow, the S&P 500 and the Nasdaq each closed down less than 1% on Monday, and oil prices rose, after President Trump rejected Iran's proposal over the weekend and diplomatic progress stalled.
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