Oil falls more than 1% on reports of possible US-Iran ceasefire deal
Traders said a 60-day extension could reopen shipping through the Strait of Hormuz, easing the risk premium after volatile sessions.
- On Friday, Brent crude futures for July fell 35 cents, or 0.37 per cent, to $93.36 a barrel, reacting to reports of a potential U.S.-Iran ceasefire extension.
- Sources told Reuters on Thursday that the U.S. and Iran reached an agreement to extend their ceasefire for 60 days, though President Donald Trump has yet to approve it.
- Vice President JD Vance told reporters Washington was "not there yet" with Iran regarding an agreement, citing sticking points on enriched uranium stockpiles.
- Prices have swung by as much as $6 in recent sessions due to conflicting signals regarding the three-month Iran war and potential reopening of the Strait of Hormuz.
- Oil trading advisory firm Ritterbusch and Associates noted the market remains sensitive to Middle East headlines, while UBS analyst Giovanni Staunovo cited ongoing sensitivity to regional news.
57 Articles
57 Articles
Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension
Oil prices are down and markets are inching higher before the opening bell, adding to records hit a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran. Futures for the S&P 500…
Oil prices fall, stocks rise on potential Iran deal
Oil prices fell and stocks rose on optimism that the US and Iran were nearing a lasting peace deal, but analysts warned that huge challenges remained for the global energy market. The effective closure of the Strait of Hormuz has curtailed flows of much-needed fossil fuels, leading to shortfalls across Asia and Europe, which are dependent on imports via the waterway; an agreement between Washington and Tehran is seen as essential to reopening it…
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
Oil Prices Head for Sharpest Weekly Drop Since April as U.S.-Iran Ceasefire Hopes Grow
Oil prices fell more than 1% on Friday and were on track to post their steepest weekly decline since April, as growing expectations of an extended ceasefire between the United States and Iran eased fears of a prolonged disruption to global energy suppliesOil prices fell more than 1% on Friday and were on track to post their steepest weekly decline since April, as growing expectations of an extended ceasefire between the United States and Iran ea…
The AEX opens slightly higher. Investors are weighing on reports regarding a possible temporary agreement between the United States and Iran. Sentiment in Asia is positive. The Japanese Nikkei and South Korean Kospi are gaining sharply. In the Midcap, construction company BAM stands out with a share price increase of 14 percent.
Coverage Details
Bias Distribution
- 38% of the sources lean Right
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
