The Nasdaq is set to open lower as stalemate in US-Iran peace talks and crude oil surging above $107/barrel trigger risk-off sentiment across markets, with gold climbing and Bitcoin retreating.
British oil giant BP reported Q1 profits more than double year-ago levels, driven by surging oil prices amid the ongoing Iran conflict.
International crude prices rallied sharply on the UAE’s OPEC withdrawal announcement, boosting energy stocks on Wall Street while tech giants face investor scrutiny over AI spending returns.
International oil prices rose as US-Iran peace negotiations stalled following President Trump’s cancellation of a planned diplomatic mission to Pakistan, heightening uncertainty in global energy markets.
Iran presents a new proposal to the US aimed at easing the standoff over the Strait of Hormuz, while postponing nuclear talks, sending international oil prices higher.
Stalled U.S.-Iran peace talks send oil above $97 per barrel, stalling the Wall Street rally on Monday as investors brace for the Federal Reserve’s policy meeting this week.
The Middle East conflict continues to drive up global fuel prices, triggering a surge in electric vehicle sales across Australia, Vietnam, Japan, South Korea, and beyond. Analysts say this could lead to a permanent acceleration in EV adoption in emerging markets.
US stock futures declined and Brent crude oil rose over 2% as US-Iran peace negotiations stalled.
International oil prices surged as peace negotiations between the United States and Iran hit a roadblock, raising concerns about potential supply disruptions in the Middle East.