Oil falls, stocks steady as Trump hails ‘good’ Iran talks

US President Donald Trump announced that representatives from the United States and Iran held a three-hour meeting at the United Nations, which he described as 'very productive'. Trump added that a follow-up meeting is scheduled for the near future. These comments came just hours after a bellicose address at the UN, where Trump stated he faced a choice between a deal with Iran or the 'quick annihilation' of the regime ruling Iran. Following the news, Brent crude prices remained under $100 per barrel, reflecting market hopes for diplomatic progress toward ending the Middle East conflict. Analysts noted that the meeting shifted market sentiment from pricing in war escalation toward a diplomatic process, even if a final deal remains distant. Meanwhile, reports that Saudi Arabia has resumed operations along its East-West Pipeline following drone attacks also contributed to the downward pressure on oil prices.