[MARKET UPDATE] Risk sentiment improves as oil prices trim gains on reports that China in talks with Iran to allow safe oil and gas passage through Hormuz; Equities lifted off lows, USD pulls back, leaving precious metals trimming losses

Newsquawk Staff · 5 Mar 2026, 20:43 UTC

Risk sentiment improves as oil prices trim gains on reports that China in talks with Iran to allow safe oil and gas passage through Hormuz; Equities lifted off lows, USD pulls back, leaving precious metals trimming losses.

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Energy headlines from our feed, and what the market did next.

Iran and US talks continue, and reports that the deal is close are wrong.
WTI crude+1.5%
Mediation efforts said that "Qatar and Pakistan presented a 'compromise proposal' that meets the demands of both the American and Iranian sides", Al Araby Al Jadeed reports citing sources.
WTI crude−4.6%
"A breakthrough is expected to be announced this week to halt the escalation between Washington and Tehran", Al Araby Al Jadeed reports citing a source.
WTI crude−1.1%

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