Japan, South Korea Stocks Hit More Records, as Oil Gains on Iran War Ending Fragility
Brent crude topped $93 a barrel as Washington and Tehran traded amendments without a breakthrough, keeping supply-risk concerns elevated, analysts said.
- Brent crude rose above $93 a barrel on Monday as negotiations between the United States and Iran regarding a ceasefire extension remained stalled, with both nations proposing amendments to a draft agreement.
- Over the weekend, US forces conducted "self-defense strikes" on Iranian radar and drone sites in Goruk and Qeshm Island, following an Iranian ballistic missile attack on a Kuwaiti air base that injured several Americans.
- President Donald Trump met with advisers on Friday to discuss a tentative 60-day ceasefire extension, but left the Situation Room without making a "final determination" on the unfinalized deal.
- Capital.com senior analyst Kyle Rodda noted that negotiations between the United States and Iran remain a "source of potential volatility," as oil's rebound revives concerns about energy-driven inflation.
- Reopening the Strait of Hormuz remains a central challenge in negotiations, as uncertainties over the war's conclusion continue to drive market movements and threaten global oil transit.
36 Articles
36 Articles
Oil prices rose again when markets opened on Monday after reports emerged over the weekend that the United States had tightened the terms of negotiations with Iran to end the war in the Middle East.
Associated Press News
Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility
Oil prices have gained and stock markets in Japan and South Korea have hit fresh record highs on enthusiasm over the artificial intelligence boom, as investors await a decision on the ceasefire extension of the Iran war.
Oil prices rose this Monday (even Sunday night in Brasilia) with the reopening of Asian markets, after weekend reports that the United States had hardened its position in the negotiations with Iran to end the war in the Middle East. West Texas Intermediate crude oil (WTI), a US reference, rose 2.5%, to $ 89.60 per barrel, in the morning negotiations.
US-Iran Ceasefire Talks Have Failed, Making Oil Prices Unstable, Experts Say. Global oil prices have surged again due to the failure of diplomatic efforts in the Middle East. Negotiations for a permanent ceasefire between the US and Iran have failed to produce results, instantly raising concerns in the energy market, according to RBC-Ukraine, citing Bloomberg analytics. Read also: Trump Threatens to "Blow Up Oman" Over Iran Oil Deal. Brent crude…
Oil Climbs as US-Iran Ceasefire Remains Elusive: Markets Wrap
Coverage Details
Bias Distribution
- 55% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
