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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Oil Prices Surge Again, US Stocks Waver as Iran Rejects US Negotiations

US allies in the Middle East are close to joining the war. (Credit: James Smith/WikiMedia Commons)

US stock futures fell early Tuesday after a sharp rise on Monday, while oil prices continued to soar as Iran's state media rejected claims that no direct negotiations had taken place with the US.

Iran's response comes after US President Donald Trump said he will postpone striking Iranian energy infrastructure for five days, citing 'very good and productive' discussions with Iran to end the war. The short-lived optimism buoyed stocks on Monday, but equity indexes lost momentum following Iran's stance on the situation.

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