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Middle East crisis live: oil prices hit two-week low amid optimism that US and Iran are close to peace deal The GuardianOil prices fall 5% after Trump says Iran talks proceeding in a 'constructive manner' CNBCIndian shares to open higher on US-Iran peace deal optimism ReutersOil, Dollar Slide on Optimism Over US-Iran Deal: Markets Wrap Bloomberg.com
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The U.S. appears close to reaching an agreement that would end the war with Iran and reopen the strategic Strait of Hormuz, according to reports Sunday, sending oil prices sharply lower.
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Oil Futures Edge Down as Ships Move Toward Hormuz WSJWhat happens when the war really ends CNNReopening of Strait of Hormuz Still a Question Mark The New York TimesWhat If the Strait of Hormuz Didn't Reopen? Bloomberg.comTankers: A Timeline of a Potential Hormuz Reopening Hellenic Shipping News
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Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
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S&P 500 futures were up slightly in what may be a sign that investors and analysts are waiting to see if a deal is finalized.
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