Sudden Movement in US Stock Market | Iran Hopes to Ease Hostile Relations with Israel, Crude Oil Sector Declines, Houston Energy (HUSA.US) Drops More than 33%

date
17/06/2025
According to the Securities Times APP, on Monday, the oil sector went down, with WTI crude oil falling by 2.5 US dollars and Brent crude oil falling by 2.34 US dollars in the short term. As of the time of writing, Houston Energy (HUSA.US) fell by more than 33%, Exxon Mobil (XOM.US) fell by 0.3%, TotalEnergies (TTE.US) fell by 0.65%, Occidental Petroleum (OXY.US) and ConocoPhillips (COP.US) fell by more than 2%, Schlumberger (SLB.US) fell by more than 1.5%, and Marathon Oil (MRO.US) fell by more than 1.2%. On the news front, Iran hopes to ease hostilities with Israel. Officials in the Middle East and Europe say that Iran has been urgently signaling that it seeks to end hostilities, resume negotiations on its nuclear program, and has sent messages to Israel and the United States through Arab intermediaries. These officials say that in the midst of intense Israeli airstrikes, Tehran told Arab officials that they are willing to return to the negotiating table as long as the United States does not join the airstrikes. They also conveyed to Israel that controlling violence is in the interests of both sides. However, as Israeli warplanes can freely fly over the Iranian capital and Iran's retaliation has caused minimal damage, Israeli leaders have no incentive to stop the attacks before taking further action to destroy Iran's nuclear facilities and further weaken the control of the "regime" in Iran.