Oil slides as near-deal hopes lift markets and gas tops $4.50
TL;DR Summary
Oil prices plunged and stocks surged after a report that the U.S. and Iran were nearing a memorandum to end the war and reopen the Strait of Hormuz, with Iran signaling safe passage. Trump warned of potential renewed attacks if terms aren’t met, while bond yields fell and retail gas prices rose above $4.50 per gallon as markets priced in relief from possible peace talks.
- Oil plunges, markets surge on report U.S. and Iran near deal to end war as gas prices jump past $4.50 NBC News
- Exclusive: U.S. and Iran closing in on one-page memo to end war, officials say Axios
- Senior Iranian MP dismisses reported proposal to end war as ‘American wish list’ The Times of Israel
- Iran War Live Updates: Trump Threatens Tehran After Claiming Progress in Talks The New York Times
- Iran war live: Oil prices plunge after reports US and Iran close to agreeing one-page memo Reuters
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