Asian Shares Are Mixed and US Futures Fall as Iran Talks Make Progress
Mediators said the two sides agreed on a roadmap and a communication line, easing supply fears as Brent crude fell more than 1%.
- On Monday, U.S. and Iranian officials concluded high-level talks in Switzerland, establishing a communication line and a 60-day roadmap toward a final peace deal, mediators said.
- Vice President JD Vance and Mohammad Bagher Ghalibaf led the discussions under a memorandum extending a ceasefire for at least 60 days after earlier postponements over Israel-Hezbollah fighting.
- Brent crude fell 2% to $79.02 per barrel after Tehran secured export waivers for oil and petrochemicals, while shipping data showed 71 confirmed transits through the Strait of Hormuz over three days.
- Mediators Qatar and Pakistan reported "encouraging progress" during negotiations, though market analysts cautioned that geopolitical risks remain elevated and the peace process remains fragile.
- The High Level Committee must reach a final deal within 60 days, though ING strategists warned that "moving towards a more permanent deal will be challenging, with very real risks of a flare-up.
113 Articles
113 Articles
Oil prices fall as markets respond to progress in US-Iran talks
Oil prices fall as markets respond to progress in US-Iran talks Oil prices declined on Tuesday as financial markets reacted to signs of progress in negotiations between Washington and Tehran aimed at ending the US-Israeli war on Iran. Brent crude fell 2.8 percent to $78.29 a barrel, moving closer to the roughly $70 level seen before the war, while US benchmark crude dropped 2.3 percent to $74.14 a barrel. US Vice President JD Vance said talks h…
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Oskaloosa Herald
US stocks drift near their records after oil prices fall
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Mankato Free Press
Western InvestorUS stocks hold near their records as trading resumes on Wall Street after a holiday weekend
U.S. stocks are drifting near their records after trading resumed following a three-day weekend for Wall Street. The S&P 500 edged up 0.2% early Monday. The index is coming off its 11th winning week in the last 12. The Dow…
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