Oil prices continue to fall on hopes of new US-Iran peace talks
Crude prices fell back below $100 a barrel as markets hope an agreement can be reached between the two sides.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"I can tell you we've been called by the other side. They'd like to make a deal very badly."
— Donald Trump , Politician
"April may well be even worse than March, because during the month of March, we have already received cargoes which were loaded well before the crisis started..."
— Fatih Birol , Executive
"based on glimmers of hope that both sides remain keen to make a lasting peace deal."
— Lindsay James , Executive
"meaningfully ease tensions."
— Jiajia Yang , Academic
"said his team had been very clear on its red lines as hopes faded of a quick end to the war."
— JD Vance , Politician
"the US was going to start 'BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz.'"
— Donald Trump , Politician
"While both parties stressed that a quick agreement was too much to hope for given the issues involved, neither readily indicated the next step."
— Mohamed El-Erian , Academic
Key People
Former president of the United States known for his aggressive economic policies.
Fatih Birol is the director of the International Energy Agency.
JD Vance is a United States Senator from Ohio and a prominent figure in conservative politics.
Associate Professor at James Cook University analyzing market risks.
Lindsay James is an investment strategist at Quilter.
Mohamed El-Erian is an advisor and former president of Queens’ College, University of Cambridge.
Rahman Daiyan is an energy resources researcher at the University of New South Wales in Sydney.
Tags
All Coverage
Crude prices fell back below $100 a barrel as markets hope an agreement can be reached between the two sides.
U.S. stock markets extended their rally as oil prices declined, fueled by optimism over potential renewed talks between the U.S. and Iran to end their conflict.
The failure of U.S.-Iran peace talks has raised concerns about a prolonged energy crisis, with oil prices and borrowing costs expected to rise as tankers remain stranded in the Gulf.
U.S. stocks are set to open lower after peace talks between the U.S. and Iran failed to deliver a breakthrough, leading to a blockade of the Strait of Hormuz and rising oil prices.
Oil prices dipped as hopes for more Middle East ceasefire talks buoyed sentiment, despite a U.S. navy blockade of the Strait of Hormuz entering a second day.
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