Oil falls, stocks mixed on US-Iran truce prospects

World Analysts said oil traders were taking an “optimistic view” that disruption in the region could soon ease.

Oil falls, stocks mixed on US-Iran truce prospects. World Analysts said oil traders were taking an “optimistic view” that disruption in the region could soon ease. Options trader Steven Rodriguez, centre, works on the floor of the New York Stock Exchange, Friday, May 29, 2026. (Photo: AP/Richard Drew) 30 May 2026 05:36AM NEW YORK: Stock markets were mixed while oil prices fell again on Friday (May 29) on investor optimism that the United States and Iran would reach a deal to extend their ceasefire - despite Washington and Tehran offering conflicting views on the state of negotiations. Oil markets have been up and down this week as investors assess the chances of a breakthrough deal that could potentially resume shipping through the crucial Strait of Hormuz. Those hopes had been briefly dashed by new US military strikes on Iran on Wednesda...