Crude prices drop, most stocks rise on 'positive' US-Iran talks
Pedestrians walk past an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on June 22, 2026. (Photo by AFP)
Oil prices fell on June 22 on optimism over U.S.-Iran peace talks, with mediators flagging a "roadmap" to a final agreement, while most equities rose thanks to another healthy start for tech firms.
After a meeting planned for Friday was cancelled owing to fighting between Israel and Hezbollah, the negotiations finally got underway on Sunday in Switzerland with teams led by U.S. Vice President JD Vance and Iran's Mohammad Bagher Ghalibaf.
Traders remain in buoyant mood after news that the two foes had ended their conflict, which had sent energy costs soaring and stoking inflation, sending shivers through the global economy.
