Oil Prices Sink as US-Iran Pause Fuels Fresh Hormuz Hopes
Nasdaq 100 futures rose 1.2% as investors weighed megacap earnings and a Federal Reserve rate decision after a weekend pause in U.S.-Iran attacks.
- U.S. stock futures rose Sunday night as President Donald Trump allowed diplomatic efforts with Iran to continue, easing investor concerns over Middle East escalation.
- Military exchanges between the U.S. and Iran remained on hold over the weekend, with U.S. Ambassador to the UN Mike Waltz stating the administration is "giving talks some space."
- Oil prices tumbled Monday, with Brent crude briefly dropping below $90 a barrel and WTI falling 4.61% to $85.19 per barrel.
- Meanwhile, Ukrainian President Volodymyr Zelenskyy confirmed his forces struck an Iranian commercial vessel in the Caspian Sea on Saturday, prompting Tehran to protest a "hostile and criminal act."
- The Federal Reserve's rate decision on Wednesday and quarterly reports from tech giants including Amazon and Apple will test investor confidence in artificial intelligence spending this week.
45 Articles
45 Articles
Oil hits more than one-week low as pause in attacks supports hopes for US-Iran deal
Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week on cautious hopes for a resolution to the U.S.-Iran conflict as traders continued to assess developments in the Middle East. Oman has won backing from Gulf states for a plan that would let Tehran collect voluntary fees to use the Strait of Hormuz, a Gulf source told Reuters on Tuesday, a path towards ending the disruption to oil trade caused by the U.S.-Isra…
The oil prices deepened the losses recently and returned close to the minimums of the day at the beginning of the afternoon of Monday (27), in the midst of statements by American President Donald Trump, about the diplomatic negotiations with Iran. He said that the talks go well and "there is a chance that something will happen". The New York Stock Exchanges decreased the losses, although they still operate with little breath, and the Treasury re…
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