Oil prices fall as US and Iran signal progress in peace talks
Oil prices fell sharply on Monday after officials said negotiators were making progress on a possible deal aimed at ending the US-Israel war with Iran. The move came as markets reacted to signs that the Strait of Hormuz, a vital shipping route for global energy supplies, could be reopened if an agreement is reached. Brent crude dropped 5.5% to $97.90 a barrel in morning trading and was still around $97.70 later in the day.US Secretary of State Marco Rubio said negotiators had a "pretty solid thing on the table" and that an agreement might be reached on Monday. He said... [Continue Reading]
360LiveNews | 25 May 2026 14:00 LONDON
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Tokyo and Asia-Pacific close sharply higher as oil slumps on Iran deal hopes, Nikkei surges 7.6%
Executive summary: Tokyo and broader Asia-Pacific equities closed sharply higher, led by a powerful rally in Japan after a steep drop in oil prices eased inflation and growth concerns. The Nikkei 225 jumped +7.61%, the Kospi rose +4.73%, and the ASX 200 gained +2.20%. The Hang Seng fell -1.37%, showing the region did not move in lockstep. WTI crude plunged -10.37%, the biggest cross-asset move in the session, while the yen was little changed and the yuan strengthened modestly. [Continue Reading]
Tokyo Opens Firm as Oil Slides, Nikkei Jumps and Asia Splits on Risk Appetite
Executive summary: Tokyo and broader Asia-Pacific markets opened with a clear risk-on tilt, led by a sharp rally in Japanese equities and a strong move higher in Korea and Australia. The biggest cross-asset signal is the steep drop in WTI crude, which is easing inflation pressure and supporting cyclicals, while Hang Seng weakness shows the region is not moving in lockstep. Gold and silver are firmer, the yen is little changed, and the dollar is mixed against the yuan. [Continue Reading]
US and Iran report progress in Washington talks on ending war
Reported progress has emerged in talks between the United States and Iran aimed at ending the war involving the US and Israel against Iran. The development was reported from Washington, DC, where the discussions are taking place. The available material describes the movement as significant, but does not give details of any draft agreement or timetable.The report was published on 23 May 2026 and is based on a live update from the US capital. It says the talks are focused on ending the conflict, but it does not identify the negotiators, the format of the discussions, or whether any formal... [Continue Reading]
360LiveNews | 23 May 2026 21:00 LONDON
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