Al Jazeera: <\/p>\n\n\n\n
Oil prices have fallen sharply amid tentative hopes for a deal to end the US-Israel war on Iran.<\/p>\n\n\n\n
Brent crude, the primary benchmark for global oil prices, fell more than 5 percent on Sunday as US President Donald Trump gave mixed signals on the prospects for a permanent end to the conflict.<\/p>\n\n\n\n
Brent futures for July stood at $97.94 a barrel as of 04:00 GMT, down about 9 percent from a month ago but still up by more than a third compared with before the start of the war.<\/p>\n\n\n\n
Japan\u2019s benchmark stock index, the Nikkei 225, surged more than 3 percent in morning trading, hitting an all-time high after closing at a record peak on Friday.<\/p>\n\n\n\n
Trump said in a social media post on Sunday that negotiations with Tehran were proceeding in an \u201corderly and constructive manner\u201d, but he had instructed officials \u201cnot to rush into a deal\u201d.<\/p>\n\n\n\n
\u201cBoth sides must take their time and get it right. There can be no mistakes!\u201d Trump wrote on Truth Social.<\/p>\n\n\n\n
Trump\u2019s remarks came after he raised hopes for a breakthrough on Saturday by announcing that a deal had been \u201clargely negotiated,\u201d with the terms including the reopening of the Strait of Hormuz.<\/p>\n\n\n\n
\u201cFundamentally, there is no change to the underlying picture, where 10-11 million barrels per day of crude oil continue to be shut-in for every day the Strait of Hormuz remains shut,\u201d June Goh, a senior oil market analyst at Sparta in Singapore, told Al Jazeera.<\/p>\n\n\n\n
\u201cHowever, markets are expecting a gush of 100 million barrels of crude oil from the stranded ships to flow out once the deal is in place.\u201d<\/p>\n\n\n\n
Goh said markets are likely to remain on edge for some time after any deal is finalised.<\/p>\n","protected":false},"excerpt":{"rendered":"
Al Jazeera: Oil prices have fallen sharply amid tentative hopes for a deal to end the US-Israel war on Iran. Brent crude, the primary benchmark for global oil prices, fell more than 5 percent on Sunday as US President Donald Trump gave mixed signals on the prospects for a permanent end to the conflict. Brent futures for July stood at $97.94 a barrel as of 04:00 GMT, down about 9 percent from a month ago but still up by more than a third compared with before the start of the war. Japan\u2019s benchmark stock index, the Nikkei 225, surged more… <\/p>\n","protected":false},"author":1,"featured_media":57931,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-57928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/57928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57928"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/57928\/revisions"}],"predecessor-version":[{"id":57930,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/57928\/revisions\/57930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/57931"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}