Oil prices drop following Trump announcement on Iran talks
--------------------------------------------------------------------
Source: Middle East Eye
Published: 2026-08-04 01:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Financial Markets, US Politics, War & Conflict
--------------------------------------------------------------------
Snippet:
Crude oil futures fell over six percent after President Donald Trump said negotiations with Iran would begin imminently to end the war, although Iran denies any such talks are taking place. The drop in oil prices boosted US stocks at the opening, with Dow Jones jumping 1.3 percent, Nasdaq up 1.2 percent, and the broader S&P 500 up 0.9 percent.
--------------------------------------------------------------------