Vice President JD Vance indicated that a mutually beneficial agreement with Iran is possible provided nuclear red lines are respected. This diplomatic signal coincided with a decline in WTI crude futures, which dropped below the $100 mark.
- VP Vance suggests deal possible if nuclear red lines met
- WTI May delivery fell 2.81% to $96.30
- WTI June delivery declined 2.56% to $90.57
- US equity futures remained steady with slight gains
- Market reaction suggests reduction in geopolitical risk premium
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