Premarket: Oil dives on U.S.-Iran hopes as global stock surge stalls

News Snapshot:

Oil tumbled nearly 4% as a potential U.S.-Iran nuclear deal raised the prospect of increased global crude supply on Thursday, while stocks markets took a well-earned breather following their weeks-long recovery run. Brent futures dropped over $2 to under $64 a barrel as U.S. President Donald Trump, who is on a Middle East tour, said he was getting very close to securing a deal with Iran - and that Tehran had “sort of” agreed to the terms. Ali Shamkhani, an adviser to Iran’s Supreme Leader Ayatollah Ali Khamenei, had said in an NBC interview that the country would commit to...