Oil cheaper by 5% after Trump's message of near finality in talks with Iran

Brent crude futures collapsed by 5.6% to $105.1 per barrel. North American West Texas Intermediate fell 5.3% to $98.7 per barrel. Traders were reacting to U.S. President Donald Trump's statement that the administration is "in the final stages" of negotiations with Iran, CNBC wrote.

Yields on US Treasury bonds also declined noticeably. The yield of 10-year bonds fell by 9 basis points, and 30-year bonds - by 7 basis points.

Stock indexes jumped against this backdrop, with the S&P 500 adding 0.8%, the Dow Jones gaining nearly 1%, and the Nasdaq Composite up 1.1%.

This article was AI-translated and verified by a human editor