Oil eases and US stocks close higher as Pakistan floats US-Iran deadline extension
Why it matters: Pakistan's diplomatic push directly impacted Brent crude, which fell 2%, and saw the S&P 500 and Nasdaq rise 0.1%.
- Pakistan floated a proposal to extend the US-Iran deadline, aiming for a ceasefire according to the Globe and Mail Business.
- Brent crude fell 2% in afternoon trading.
- S&P 500 and Nasdaq both closed the day up 0.1%.
Oil prices eased and US stocks closed higher as Pakistan proposed an extension to the US-Iran deadline, a move also reported by the Globe and Mail Business as a push for a ceasefire. This diplomatic effort comes as Brent crude fell 2% and the S&P 500 and Nasdaq both ended the day up 0.1%.
