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.