Stocks Open at Record High as Oil Falls on Hopes of Iran Deal

The price of Brent crude oil fell sharply

Benchmark S&P500 approaches all-time peak as Washington, Tehran offer conflicting accounts of status of talks.

NEW YORK/LONDON, Aug 3 : Oil prices dropped and major stock indexes gained on Monday on signs that U.S.-Iran tensions were easing again, while the yen strengthened against the euro and dollar after the U.S. and Japan confirmed joint intervention to support it.Oil prices fell sharply after U.S. President Donald Trump he