Oil Prices Fall 5% After Trump Signals Progress in Iran Talks

Financial outlets frame the five percent oil price drop as a reaction to reduced war risk and the chance of more Iranian supply returning to market. Market coverage notes that Asian stocks have risen on expectations of lower energy costs, even as some investors worry talks could still collapse and bring back strike threats. Traders are watching for concrete steps on sanctions and shipping tolls in the Strait of Hormuz to judge how lasting the price move will be.

• •Oil futures sold off sharply as traders priced in a higher chance of a US-Iran deal.
• •Equity investors in Asia bought shares in energy-intensive sectors on hopes of cheaper fuel.
• •Some funds remain cautious, warning that a breakdown in talks could quickly reverse the oil price drop.
• •Market reports highlight unresolved disputes over Strait of Hormuz tolls as a key risk for shipping costs.
• •Currency traders are tracking how any deal might affect petrodollar flows and regional export revenues.