Category: Standard & Poor’s 500-Stock Index

Iran and the United States were set for further talks after a spurt of hostilities had underscored the uncertainty surrounding attempts to strike a lasting peace deal.

Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.

Oil prices inched up on Sunday evening, while the S&P 500 futures market was little changed.

Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning.

Oil prices fell, moving closer to levels not seen since the war in Iran began in February.

The turbulence in Asia’s chip-dominated stock markets highlighted how heavily global equities have come to depend on enthusiasm for artificial intelligence.

Chipmakers led the way down in South Korea, where the main index crashed 10 percent. Stocks in Europe were lower and S&P 500 futures pointed to a sharp fall.

Oil prices retreated after Iran’s foreign minister said there had been “major progress” toward ending the fighting in Lebanon during the first session of high-level talks.

Modest reactions in the oil and financial markets as Iran and the U.S. met in Switzerland for a first round of talks aimed at making a temporary cease-fire permanent.

Oil remains on track for a second straight weekly decline, but signs of cracks in the agreement to end the war have given traders pause.