Oil Prices Slide, U.S. Futures Rally after U.S., Iran Pause Attacks

Oil prices fell sharply and U.S. stock futures rallied in early European trade as the U.S. and Iran paused attacks, reviving hopes for diplomatic progress and a reopening of the Strait of Hormuz.

Oil Sinks After U.S. Pauses Iran Strikes, Reviving Hopes for Diplomacy

Oil plunged more than 5% after the U.S. paused military strikes against Iran, raising the prospect of renewed diplomatic efforts to end the five-month long conflict.

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