Oil falls more than 4% and Asian shares gain over Trump’s talk of negotiations with Iran
Oil prices fell more than 4% and Asian shares gained on Wednesday due to possibilities of a de-escalation of the Iran war and negotiations between the United States and Iran. The US administration has offered a 15-point ceasefire plan to Iran, fueling optimism that an end to the Iran war could come soon.
Oil prices fell over 4% on Wednesday. Asian shares gained due to possibilities of a de-escalation of the Iran war. Tokyo's Nikkei 225 was up 3% and South Korea's Kospi gained 1.6%. The US administration has offered a ceasefire plan to Iran. Oil prices fell to $96.07 per barrel. US futures were up over 0.7% on Wednesday.
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