Oil Prices Retreat as Markets Welcome US-Iran Talks
Markets fell on hopes that renewed U.S.-Iran talks could ease geopolitical risks, with oil ending down a little more than 1%, traders said.
- On Tuesday, oil prices fell as markets focused on renewed US-Iran diplomatic engagement, overshadowing President Trump's bellicose United Nations address.
- Trump told the United Nations he faced a "big decision" on Iran, but hours later revealed Iranian and US representatives had conducted "very good" talks on the gathering's sidelines.
- Roving global negotiator Steve Witkoff and Jared Kushner participated in the three-hour meeting, while analyst Patrick O'Hare noted the market is "paying attention to the headlines, certainly."
- Semiconductor producers Nvidia, AMD, and Micron advanced, helping the Nasdaq climb to a record finish despite broader stock market volatility.
- Traders are focused on Washington ahead of a summit Thursday between Trump and China's President Xi Jinping, expected to center on trade between the world's two biggest economies.
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Channel News Asia
ABS-CBNOil prices retreat as markets welcome US-Iran talks
NEW YORK: Oil prices fell again Tuesday (Sep 22) as markets focused on the potential upside of renewed US-Iran diplomatic engagement while shrugging off a bellicose address by US President Trump at the United Nations.Global stocks were mixed, with the Nasdaq rising to a second straight record whi
Reformatorisch Dagblad
The New York stock exchanges closed the trading day on Tuesday with mixed results. The tech index Nasdaq reached a new record high, while investors simultaneously kept a close eye on developments between the United States and Iran.
Oil prices fell on Monday in the face of the hopes of a resumption of dialogue between Washington and Tehran, as a series of meetings approached...
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapOil prices drop as US-Iran talks at UN spark diplomatic optimism
Diplomatic progress between the U.S. and Iran could stabilize energy markets, reducing fears of supply disruptions and impacting oil prices.
The price of oil fell this Tuesday after representatives of the United States and Iran held a three-hour meeting outside the UN General Assembly in New York. Brent closed at $99.25 per barrel, with a decrease of 1.09%, while the WTI retreated 1.24%, up to $94.99. [...] The entry Oil falls in the face of signs of rapprochement between the US and Iran (18:15) was first published in El Diario
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