US Futures Edge Higher as Oil Prices Slip Again Amid Iran Tensions
US stock futures edged higher on Wednesday, hovering near record highs, while oil prices slipped for the sixth consecutive day following a meeting between US and Iranian officials on the sidelines of the UN General Assembly in New York.
President Donald Trump mentioned the meeting after telling the assembly on Tuesday that he would have to make a choice, including whether to 'annihilate' the Islamic Republic, if the sides fail to reach an agreement.
'I have a big decision to make,' Trump said. 'Will a deal be made with Iran that lets them rebuild and create a far greater country than it ever was before, maybe one of the greatest in the Middle East or even the world. Or do I annihilate the Islamic Republic and do it quickly, never giving them a chance to kill and destroy people and countries again?'
Brent crude dipped 0.3% to $98.99 per barrel, still elevated compared to the roughly $72 per barrel level from late February before the Iran war.