US stocks reversed intraday losses after reports of US-Iran deal progress sent oil prices tumbling, with Brent crude falling around 5% to $94 per barrel.

Asian stocks saw gains moderate as US strikes in Iran overshadowed optimism for a potential deal. Crude oil advanced, reversing earlier declines, amid uncertainty over the Strait…

US stocks reversed intraday losses after reports of US-Iran deal progress sent oil prices tumbling, with Brent crude falling around 5% to $94 per barrel.