Oil slides, stocks rise as US-Iran peace talks and Fed decision loom (opens original article in a new tab)

Oil prices fell as US-Iran peace talks and potential sanctions relief boosted equity markets, while the Fed's upcoming decision looms.

• Oil prices dropped over 10% this week due to optimism about a US-Iran agreement
• Equity markets mostly rose ahead of the Fed's policy announcement
• US inflation increased in May to a three-year high due to war-related oil costs