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.

(Bloomberg) -- Global stocks rose to record highs as crude oil fell after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil…

WTI, Brent slide over 6% as ‘war risk premium’ fades on US-Iran talks

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…