Breaking
US, Iran Approve Extension of 60-Day Talks; Oil Falls, Stock Futures Rise
Summary
- A report said the US and Iran approved an agreement to extend the 60-day negotiation period.
- International oil prices (WTI and Brent) briefly fell by more than $1 a barrel immediately after the news, the report said.
- At the same time, futures tied to the three major US stock indexes all rose.
The US and Iran have approved an extension of their 60-day negotiating window, according to a media report. International oil prices fell sharply and US stock-index futures rose immediately after the news.
BlockBeats, a digital-asset news outlet, reported on August 17, citing Saudi media outlet Al Hadath, that a source said an agreement to extend the 60-day negotiation period between the US and Iran had been approved.
The length of the extension and the schedule for future talks have not been disclosed.
Iran had previously argued that the original 60-day period had lost its meaning because the US violated a memorandum of understanding signed on June 18. Tehran said at the time that the 60 days were meant only as a negotiation period to discuss sanctions relief and the nuclear issue, not a final deadline for a deal.
Markets reacted immediately. West Texas Intermediate and Brent crude briefly fell by more than $1 a barrel on Bitget pricing, while futures tied to the three major US stock indexes all rose.
