Oil dives on US-Iran hopes as stocks surge stalls

Oil prices plunged nearly 4% on Thursday amid speculation of a potential U.S.-Iran nuclear agreement, which could lead to a rise in global crude supply. Meanwhile, stock markets paused after a sustained recovery over recent weeks.

Brent crude fell by more than $2, slipping below $64 a barrel, after U.S. President Donald Trump, during his Middle East visit, stated that a deal with Iran was near and that Tehran had "sort of" accepted the terms.