US EditionWall Street, global markets mostly lower and oil prices drop $2 on hopes for a US-Iran nuclear deal
- On Thursday, oil prices dropped over $2 per barrel amid growing optimism about a possible U.S.-Iran nuclear deal during President Trump's Middle East tour including a visit to Qatar.
- This optimism came after the fourth round of U.S.-Iran negotiations, which started in the previous month, along with comments from Trump and Iranian advisors indicating that Tehran might agree to restrictions if sanctions were removed.
- Trump urged Qatar to influence Iran to reduce its nuclear program, while Iran's top adviser Ali Shamkhani confirmed Tehran could sign a deal if sanctions are removed.
- U.S. Benchmark crude dropped 4.12% to $60.58 as inventories rose by 4.3 million barrels and uncertainty persisted, despite President Trump indicating that a deal might soon be reached, potentially avoiding more drastic measures.
- The price drop and cautious equity markets suggest investors weigh the potential deal against ongoing trade tensions and economic uncertainty affecting business forecasts and consumer spending.
121 Articles
121 Articles
Oil Prices Dropped Strongly on the Basis of the Possible Nuclear Agreement Between the US and Iran
Oil cuts have recorded an accentuated drop yesterday, after US President Donald Trump announced significant progress in negotiations for a nuclear agreement with Iran. Investors predict an increase in oil exports...
Oil prices settled down 2% on expectations for US-Iran nuclear deal
LONDON: Oil prices settled lower on Thursday (May 15) on expectations for a US-Iran nuclear deal that could result in sanctions being eased and more barrels released onto the global market. Brent crude futures settled down US$1.56, or 2.36 percent, to US$64.53 a barrel. US West Texas Intermediate crud
Oil Plummets in the Hope of a Nuclear Deal with Iran and Mixed-Quota Markets
Global stock exchanges operate cautiously as investors evaluate US economic data and companies warn that they will not be able to absorb the impact of tariffs without raising consumer prices
Stock Market Live May 15: Trump Talk Forces Oil Prices Lower, and the S&P 500 (VOO), Too
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The News-Herald
Wall Street, global markets mostly lower and oil prices drop $2 on hopes for a US-Iran nuclear deal
By ELAINE KURTENBACH and MATT OTT, Associated Press Business Writers Wall Street veered lower before the opening bell Thursday and oil prices fell more than $2 a barrel as optimism over a possible U.S.-Iran nuclear deal rose. Futures for the S&P 500 and Dow Jones Industrial Average each fell 0.4%. Nasdaq futures dipped 0.6%. President Donald Trump, visiting Qatar as part of a three-country Middle East tour, has urged the nation to use its influe…
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