3:00 AM Flash: Oil Tumbles Below $100 as U.S.-Iran Talks Spark Optimism
Three AM Flash. Good morning everyone. Markets are moving this morning with oil sliding sharply as diplomatic optimism takes center stage. West Texas Intermediate is currently trading around ninety eight dollars. Gold is holding steady near four thousand five hundred forty seven dollars per ounce. Bitcoin is changing hands at seventy four thousand six hundred eighty three. Oil futures have fallen below one hundred dollars on growing hopes surrounding U S Iran talks, while reports of ships moving toward the Strait of Hormuz are adding to the downward pressure on crude. The ten year Japanese government bond yield is also in focus with analysts saying it could reach three point one percent next fiscal year. In other news, investment trusts are seeing a surprising new wave of interest from a younger generation of investors looking for fresh opportunities. This is Miss Vicky from the Options Desk at VixShield, where it's not news till we talk about it. Stay with us as Russell Clark joins with more analysis.