Stocks Up, Oil Prices Down After Iran Nuclear Deal

A deal to limit Iran's nuclear plan means less chance for conflict in the oil-rich region.

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Stocks rose and the price of oil dropped on Monday morning in the wake of a weekend deal between the Iran, the U.S. and other world powers to limit Iran’s nuclear program.

 

The price of benchmark U.S. crude dropped 76 cents, nearly 1 one percent, to $94.08 a barrel Monday morning, after world powers reached a deal that could reduce the risk of conflict in the oil-rich region and allow Iran to export its oil. Meanwhile stocks were mostly up on Monday morning, with the Dow Jones rising 38 points, or 0.2 percent, and Standard & Poor’s 500 index rising one point, or 0.1 percent.

 

1 comments
DerickBranson
DerickBranson

That's why they say Diplomacy is always better than War. The world is not unipolar anymore and due to economic weakness the US can't  exert its decisions on world community like before. US has lately started to understand this fact. Iran-US deal will not only lead to benefits to t both countries but also help in world peace.