Oil nears $90 as US-Iran talks stall; stocks edge up
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View chart & analysis → - 1Peace-talks and Strait of Hormuz reopening negotiations between the US and Iran have stalled, pushing oil prices near $90 a barrel.
- 2Brent futures climbed 5% over two days to about $88, the highest since July 31, while Nasdaq and S&P futures rose 0.4% and 0.2%, respectively.
- 3Uncertainty over the global inflation outlook capped stock gains, and money markets price a coin-flip chance of a rate hike at the Fed's September meeting.
This 3-line summary is compiled from the report below.
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