Oil falls, stocks gain amid Iran peace hopes; yen firms after intervention

Oil prices fell and major stock indexes rose on Monday, signaling that tensions between the United States and Iran were decreasing, according to the source material. The U.S. dollar strengthened as a result of the yen intervention by the U.S. and Japan, while investors monitored the possibility of additional intervention. President Donald Trump, over the weekend, halted a fresh attack on Iran and announced ongoing talks with Tehran, warning it was the last chance for the country to sign a good deal to end the five-month conflict, but Iran denied any negotiations were taking place.

Brent futures fell by $6.35, or 7.0 percent, to settle at $83.77 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped by $4.33, or 5.1 percent, to settle at $80.34. The Dow Jones Industrial Average reached a record high, with optimism over earnings contributing to the equities' growth.