Oil Prices Rise as Iran Bars Export of Enriched Uranium

U.S. stock indexes declined Thursday after Iran's supreme leader directed that near-weapons-grade uranium remain inside the country. 2 percent. Oil futures rose after the directive. U.S. benchmark WTI crude gained as much as 4 percent to cross above $102 before pulling back.

U.S. proposal. The supreme leader's directive followed those comments and raised questions about whether the uranium removal would occur. The White House has said removal of Iran's enriched uranium supply is a key condition for any agreement. Trump has stated that any deal must include dismantling Iran's enrichment program.

Nvidia reported earnings after the close on Wednesday that beat expectations on revenue and earnings. The company also issued an upbeat sales forecast. Investors had sought a stronger signal of demand. Walmart reported revenue and earnings per share above estimates on Thursday.

Initial jobless claims rose to 209,000 in the week ended May 16, below the expected 210,000. SpaceX filed its S-1 registration statement with the Securities and Exchange Commission on Wednesday, providing financial details ahead of a planned initial public offering.