The Daily Chase: Oil drops, stocks rally on Iran peace optimism - BNN Bloomberg
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Article Excerpt
Here are five things you need to know this morning Oil drops, stocks rally on Iran peace optimism Global stocks are rallying and oil prices are sinking as the U.S. and Iran inch closer to a deal to extend their ceasefire and re-open the Strait of Hormuz. U.S. stock futures have surged on the news, though there will be no regular U.S. trading due to the Memorial Day holiday. European indices rose by about one per cent apiece. Benchmark U.S. crude oil declined $4.77, or more than four per cent, to $91.83 a barrel. Officials from both sides are signalling they still need to negotiate certain poin…
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May 30, 2026
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