US stocks opened little changed on Monday amid growing doubts that the U.S. and Iran will come to a lasting resolution to the conflict in the near term.

Shares of Intel was a key laggard of the session, falling 4% after the company said it’s going to be offering $15 billion in common stock.

Iran has said it is closing in on a deal with Oman to reopen the Strait of Hormuz, but Tehran has continued to resist direct negotiations with the U.S until several conditions are met.

Iranian Foreign Minister Abbas Araghchi said Sunday there was “no possibility of restarting negotiations” as long as the U.S. continues violating the June memorandum of understanding, without compensating for its “violations,” according to Tasnim News Agency, a semi-official news outlet associated with the Islamic Revolutionary Guard Corps.

Oil prices rose on Monday as uncertainty hovered over the market. U.S. West Texas Intermediate crude futures were up about 2% at above $79 per barrel, while international benchmark Brent crude futures were up 2% at around $85.