Oil Prices Tumble as U.S.–Iran Deal Optimism Eases Supply Disruption Fears
Key Takeaways:
*Oil prices fall sharply on optimism surrounding a potential U.S.–Iran agreement
*Possible reopening of the Strait of Hormuz improves supply outlook
*Markets unwind geopolitical risk premium in crude oil
*Investors await official confirmation and details of the agreement
AI Optimism Fuels Record Highs in Wall Street Tech-heavy Indices
AI-driven optimism pushed the S&P 500 and Nasdaq to fresh record highs, fueled by strong semiconductor earnings and continued hyperscaler AI infrastructure spending.