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Tehran is reviewing a Washington-backed proposal that Donald Trump says could bring the conflict to an end
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The oil giant's earnings in the first three months of the year were more than double the previous quarter's and follow similarly strong results of European rivals.
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Hopes for reopening the Strait of Hormuz push world shares higher, as Brent crude holds above $100 AP NewsSoftBank shares surge over 18% as Japan tech-fueled rally lifts Nikkei 225 to record highs CNBCStocks trade around record highs, oil falls on peace optimism ReutersAsian Stocks Advance Amid Hopes for U.S.-Iran Peace Deal WSJ
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Shell's profit beats expectations at $6.9 billion, raises dividend by 5% ReutersShell Reports Nearly $7 Billion Profit Amid ‘Unprecedented Disruption' The New York TimesShell tops profit estimates as Iran war boosts oil price, cuts share buybacks CNBCClimate campaigners attack Shell over ‘windfall' profits from Iran war The Guardian
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The war in Iran has pushed global oil prices up, but there's no sign of a huge surge in U.S. production and the future of Venezuelan oil remains murky.
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Dow surges 600 points, S&P 500 posts first close above 7,300 as traders hope for Iran deal: Live updates CNBCStock futures are flat after the S&P 500 posts another record; traders eye developments in Iran: Live updates CNBCStocks hit records on tech earnings, oil slide from prospect of Iran deal Yahoo FinanceStock Market Today: S&P 500, Nasdaq and Russell 2000 score record closes; Dow exits correction on hopes the Iran war is nearing an end; U.S. oil falls below $100 a barrel MarketWatch
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Oil prices fell and stocks rose after President Trump's about-face to pause the U.S. operation to escort commercial ships through the Strait of Hormuz
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