The Daily Chase: Oil drops, stocks rally on Iran peace optimism
Global stocks rose and oil fell as the U.S. and Iran moved closer to talks to extend their ceasefire and reopen the Strait of Hormuz, though both sides said negotiations are not complete. U.S. crude dropped $4.77 (over 4%) to $91.83/bbl. Pembina approved a $570M Alberta gas facility. Uber bid to buy Delivery Hero for $12.8B+.