ASX News & Analysis

Oil Prices Drop 4% Amid U.S.-Iran Negotiations, Asia Markets Rise

Asia-Pacific markets are set to open higher following U.S. stock gains and a drop in oil prices. West Texas Intermediate crude fell 2.39% to $88.94 per barrel, while Brent crude dropped over 4% to settle at $94.79 per barrel. Negotiations between the U.S. and Iran are being discussed, as a White House official stated they are preparing for a second round of talks. Japan's Nikkei 225 index futures increased to 58,780, reflecting positive market sentiment ahead of the opening.