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Commodities

Trump's Talks With Iran Send Oil Prices Reeling

Guavy AI Editorial Team
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Oil
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US President Donald Trump's announcement that he is preparing for new talks with Iran aimed at ending the war in the Middle East sent oil prices plummeting and stocks rising on Monday.

Crude futures fell more than six percent, while wider stock market indexes were mostly higher in New York and Europe as lower oil prices raised the prospect of lower interest rates.

'Trump's decision to restart talks with Iran has knocked a large chunk out of the oil-risk premium and given bonds room to rally,' said Patrick Munnelly, market strategist at the Tickmill Group.

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