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.
141 Articles
141 Articles
Progress in Washington-Tehran negotiations and the return of Iranian crude to the market led to a significant drop in oil prices, reducing fears of a new supply disruption.
Oil prices on world markets continued to fall today after information that the United States and Iran have reached an agreement.
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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