NEW YORK: Shares vacillated and oil prices dropped back down Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump.
Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian foreign minister Abbas Araghchi said “a new window of opportunity has opened.”
“We are hopeful that negotiation will lead to a sustainable and negotiated solution,” he said, though he added that “Iran remains fully prepared to defend itself against any threat or act of aggression.”