Asian markets stayed mixed after US strikes in southern Iran. Traders largely ignored fears of a return to full war. US benchmark crude fell more than 4% to $91.59 a barrel, while Brent rose $1.57 to $94.99 after a near $5 drop on Monday. Peace talks with Iran remained unclear, and market moves reflected shifting developments and comments from Donald Trump. Markets appeared to price in a breakthrough despite unresolved hardest negotiation issues. Washington signaled optimism, while Tehran said no agreement was imminent. Marco Rubio said progress on a potential US-Iran deal would take a few days due to language discussions, and said the Strait of Hormuz must be open.
"Markets have remained mixed in Asia, after the US said it carried out strikes in southern Iran, with traders appearing to shrug off any suggestion that the attack could usher in a return to all out war. Benchmark US crude oil declined more than 4%, to $91.59 a barrel. Brent crude, the international standard, gained $1.57 to $94.99 a barrel after falling nearly $5 on Monday."
"Markets are behaving as though a full Iran breakthrough already exists, even though the hardest parts of the negotiation remain unresolved, Stephen Innes of SPI Asset Management wrote in a commentary. Washington continues to signal optimism, while Tehran insists no agreement is imminent. Share More here from Marco Rubio saying he anticipates that progress over a potential US-Iran deal will take a few days amid discussions over the language in the agreement."
"There were some talks going on in Qatar today, so we'll see if we can make progress, the US secretary of state was quoted as saying in India during an official visit. Marco Rubio speaks to reporters on board his plane at Jaipur International Airport. Photograph: Julia Demaree Nikhinson/Reuters I think it's a lot of talking back and forth going on about specific language in the initial document, so it'll take a few days."
"The president's expressed his desire to make it. He's either going to make a good deal or no deal. As just mentioned Rubio also said the strait of Hormuz must opened. The straits have to be open they're going to be open one way or the other, so they need to be open. Share Welcome to the Guardian's continuing live coverage of the crisis in the Middle East."
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]