Markets open amid US-Iran negotiations as oil prices drop

Bill Hemmer discusses the opening of markets and the drop in crude oil prices amid ongoing U.S.-Iran negotiations. Kevin Book from ClearView Energy Partners explains that the prospect of a deal with Iran is driving oil prices lower.

Kevin Book of ClearView Energy Partners analyzes the impact of potential U.S.-Iran negotiations on global oil markets, explaining why crude oil prices have dropped. He highlights that oil inventories have been depleted throughout the crisis, and returning to the status quo pre-war will take time. Markets are reflecting optimism for a deal.