Global Market Today: Oil falls, Asian stocks rise on Iran de-escalation hopes

dipped over 4% to drop below $100 a barrel at the open and shares rose in Japan, South Korea and Australia on hopes for a de-escalation. Equity-index futures for the US gained more than 0.7% as the New York Times reported the US had sent Iran a 15-point plan and Israel’s Channel 12 reported that Washington was seeking a one-month ceasefire. The Bloomberg Dollar Spot Index fell 0.2%, while yields on benchmark 10-year Treasuries dropped two basis points to 4.34%, as easing crude prices tempered inflation ris ...