Oil Prices Rally as Global Stocks Retreat Amid Tense US-Iran Talks

3-line summary

• US and European shares fell Friday and oil prices gained as markets monitored tense US-Iran talks; the US threatened to ramp up economic pressure on Iran, including extending a naval blockade, according to a Reuters report via Yahoo Finance.
• Faltering talks to end the Iran war left oil and gas prices poised for sizeable weekly gains; the Dow fell 0.16%, the S&P 500 fell 0.14%, and the Nasdaq fell 0.34%, while Europe's STOXX 600 retreated 0.24%.

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