Oil prices tumble on hopes for Iran nuclear deal
The Peninsula
London: Oil prices tumbled on Thursday after President Donald Trump said the United States was close to making a deal on Iran s nuclear programme, whi...
London: Oil prices tumbled on Thursday after President Donald Trump said the United States was close to making a deal on Iran's nuclear programme, which could pave the way for increased crude supplies.
The dollar continued to face pressure amid uncertainty over tariffs, while equity markets were largely lower.
"Traders focused on the prospect of a US-Iran nuclear deal which could see economic sanctions lifted on the latter and potentially lead to greater supplies of oil," noted Russ Mould, investment director at AJ Bell.
Trump's remarks came after Iran held its fourth round of talks with the US administration, which has said it wishes to avoid a threatened military strike by Israel on Tehran's contested nuclear programme.
Both main crude contracts plunged more than three percent in value on hopes that US sanctions on Iran might be lifted as part of the deal.
Doha, Qatar: The Special Envoy of the Minister of Foreign Affairs, HE Ambassador Faisal bin Abdullah Al Hanzab, met with the Special Representative of...
Doha, Qatar: The Special Envoy of the Minister of Foreign Affairs, HE Ambassador Faisal bin Abdullah Al Hanzab, met with the Special Representative of...
Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al Thani inaugurated the 23rd edition of the Doha Forum 2025, held under the theme Justice in Action...
Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al Thani inaugurated the 23rd edition of the Doha Forum 2025, held under the theme Justice in Action...
Doha, Qatar: The nearly two month old ceasefire in the Gaza Strip will not be complete until Israeli troops withdraw from the Palestinian territory un...
Doha, Qatar: The nearly two month old ceasefire in the Gaza Strip will not be complete until Israeli troops withdraw from the Palestinian territory un...
There is a joyful chaos this time of year that I ve finally learned to embrace. A big part of the mayhem is that it s nearly impossible to predict who...
Ramallah: The Palestinian Ministry of Foreign Affairs and Expatriates welcomed the joint statement issued by the Foreign Ministers of Qatar, Egypt, Jo...
Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al Thani, presented the Doha Forum Award to Alex Thier and Saad Mohseni in recognition of their trans...
Paris, France: The third film in the Avatar series, which will hit cinemas this month, is hoping to extend the success of one of the highest grossing...
Sydney, Australia: Dozens of bushfires burned along Australia s eastern seaboard on Saturday, destroying several houses as a blistering heatwave set i...
Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al Thani sent a cable of congratulations to President of the Republic of Finland HE Alexander Stubb on...
Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al Thani sent a cable of congratulations to President of the Republic of Finland HE Alexander Stubb on...