U.S.-Iran agreement hopes drive oil price drops, market optimism

U.S. crude oil prices fell below $89, with losses accelerating on hopes for a U.S.-Iran agreement that could restore traffic through the Strait of Hormuz within a month, despite ongoing U.S. strikes.

Coverage

• US, Iran have launched multiple attacks during ceasefire: A timeline
• Iran says U.S. violating ceasefire as Trump seeks "good deal or no deal"
• U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month
• Dollar Falls as U.S.-Iran Peace Talks Continue
• Treasury yields are little changed as investors remain optimistic on Iran peace deal prospects despite U.S. strikes
• Dulux maker's stock soars 21% after takeover bid from major rival; oil holds below $100
• Market correction risk looks elevated as stocks hit record highs, top Europe central banker warns
• U.S. Stock Futures Rise as Chip Rally Rolls On

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