U.S.-Iran Nuclear Talks Cancelled as Oil Slides and Markets Reassess Geopolitical Risks

GeopoliticsCommodity Impact 4
โดย Yahoo Finance·Read original
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U.S. stock futures edged lower and oil prices extended their decline after the unexpected cancellation of planned nuclear discussions between Washington and Tehran prompted investors to reassess the durability of a recent peace agreement. Futures eased following a strong rally on Wall Street, where the S&P 500 gained 1.1%, the Dow Jones Industrial Average rose 0.1%, and the Nasdaq Composite climbed 1.9% in the previous session before markets closed for the Juneteenth holiday. Brent crude futures fell 1.1% to $79.01 per barrel and U.S. West Texas Intermediate crude declined 0.7% to $76.05 per barrel, with both benchmarks on track for weekly losses approaching 10% as traders anticipated that the reopening of the Strait of Hormuz could improve global crude supply flows. The cancellation of talks in Switzerland, which were to focus on Iran's nuclear programme, came after U.S. Vice President JD Vance withdrew from the negotiations, and Iranian media reported that Tehran seeks stronger evidence of U.S. implementation before further engagement. Laurence Booth, Global Head of Markets at CMC Markets, warned that markets may have become too comfortable with fading geopolitical risks and that stalled negotiations leave equities vulnerable to any deterioration in sentiment.

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