Oil slides on hopes of US-Iran peace, signaling easing risk to markets
TL;DR Summary
Oil prices fell sharply after reports that the US and Iran may be close to a peace deal, with WTI down around 8–10% and Brent about 7%, while stock futures rose on hopes that the conflict could de-escalate and the Strait of Hormuz could reopen.
- Oil prices plunge on reports that the US and Iran are close to a peace deal markets.businessinsider.com
- Oil rises as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks CNBC
- Stocks, Bonds Rally on Hopes Iran War Nearing End: Markets Wrap Bloomberg.com
- Oil prices sink and stocks leap worldwide on hopes for a reopening of the Strait of Hormuz AP News
- Oil plunges, markets surge on report U.S. and Iran are near deal to end war as gas prices jump past $4.50 NBC News
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