The WSJ reported a drop in futures prices after talks between the United States and Iran

US futures prices began to fall after the failure of negotiations on the settlement of the conflict between the United States and Iran in Islamabad. This was reported on April 12 by The Wall Street Journal (WSJ).

"Futures on American stocks fell sharply and oil prices rose on Sunday evening (April 12) as global investors reacted to the failure of peace talks and the threat of escalation of the conflict over the Strait of Hormuz," the publication says.

It is noted that recently the price of futures for American oil increased by 9.2% and amounted to $ 105 per barrel, and the price of Brent crude oil rose to about $102 per barrel. In addition, futures linked to the S&P 500 stock index and the Dow Jones index fell by 1%.

Bloomberg adds that against the background of statements by US President Donald Trump about the blockade of the Strait of Hormuz, gas prices in Europe have increased. The cost of the Dutch TTF gas futures soared by 18%, reaching €51 per megawatt hour, and as of 06:25 Singapore time (01:25 Moscow time), the price adjusted to €49.5. Trading on this instrument now takes place 21 hours a day instead of the previous 10 hours.

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Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF), announced on April 12 that oil prices could reach at least $150 per barrel as early as April 13. According to him, the longer the Strait of Hormuz remains closed, the higher oil and gas prices will be, and the energy crisis in the European Union and the United Kingdom will worsen. The recovery period, in turn, will be prolonged.

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