Oil Prices Fall as Iran Nuclear Talks Remain Stalled

Gold held near two-day losses as stalled U.S.-Iran talks kept inflation concerns elevated. The lack of progress in negotiations continued to pressure interest rates.

Markets appeared optimistic, with oil prices falling after a senior U.S. official said Washington would give talks every chance to succeed.

Trump suggested he can “outwait” Iran in negotiations. ” The White House dismissed a draft memorandum of understanding published by Iranian state media as a complete fabrication. Both countries have delivered inconsistent messages on the state of talks.

Rising costs stemming from the conflict are set to play a central role in upcoming U.S. midterm elections, the same remarks noted.