By Isabel Wang and Myra P. Saefong

Trump's talks with Iran lead to oil price drop, easing geopolitical tensions and pausing US military actions.

By Isabel Wang and Myra P. Saefong

(Bloomberg) -- Wall Street traders sent stocks higher as oil pared its rally after President Donald Trump said talks with Iran are continuing at a “rapid pace,” adding that Israel…

By Isabel Wang and Myra P. Saefong

By Isabel Wang and Myra P. Saefong

The US president rejects Iran’s claims talks are off and boasts he has negotiated a ceasefire between Israel and militant group Hezbollah in Lebanon.

Oil Price Jumps 5% to $95 as Iran Suspends Negotiations with US

June 2 : Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks. U.S. President…

Brent crude slipped 0.6 per cent to $94.45 a barrel, retracing some of Monday's gains

Oil prices decline as market remains cautious amid ongoing U.S.-Iran peace talks and uncertainty over future negotiations.

Oil prices retreated around 4% from Monday’s highs as markets responded positively to US President Donald Trump’s reassuring comments that negotiations with Iran are progressing.

Prices could hit $150 a barrel if truce falters and Strait of Hormuz remains closed, analysts say