Wall Street drifted lower as technology heavyweights dipped and optimism surrounding potential peace in the Middle East dissolved amid rising oil prices.

Crude oil prices plunged more than 9% to $88 a barrel after the US paused strikes on Iran and Tehran signaled restraint, boosting hopes of de-escalation.

Wall Street major indices retreated as traders digested corporate earnings reports and monitored developments surrounding potential US-Iran peace agreements.

Wall Street reached fresh record highs as investors welcomed a wave of robust artificial intelligence corporate earnings alongside falling oil prices.

Wall Street rallied sharply at the start of the week, driven by a drop in crude oil prices that helped ease investor worries over accelerating inflation.

Global markets reacted to a sudden shift in geopolitics as crude oil prices plummeted and Wall Street finished a choppy session with mixed results.

Global markets show resilience as an energy sector rally offsets the Japanese yen's decline to its weakest level since 1986. Investors are now closely watching upcoming tech earnings and central bank policy for signals on inflation.

US stock futures trended higher as investor sentiment found support in a semiconductor sector revival. Investors are now focused on upcoming tech earnings and the implementation of new trade policies targeting Canadian goods.

Oil prices have increased following reports of suspended U.S.-Iran communications and ongoing threats to the Strait of Hormuz. Analysts warn that declining global stockpiles could lead to further price volatility.

Global oil prices have retreated to four-month lows following reports of progress in indirect negotiations between the United States and Iran. The decline reflects a reduced risk premium as tensions regarding the Strait of Hormuz show tentative signs of cooling.

India's state-run oil companies have maintained stable fuel prices despite volatile global crude trends. Meanwhile, Nayara Energy has reduced its prices.