Shares in the US have bounced in early trading, while oil prices retreat, after Trump again dropped hints that a deal with Iran could be close, Al Jazeera reports.

Crude prices were down more than 2 per cent after the US president said a peace deal to end the war could arrive in “two or three days”.

“The market has heard that before,” Briefing.com analyst Patrick O’Hare tells AFP.

“Even though it has yet to see an actual deal,” the market “continues to respect the possibility”, he says.

About 10 minutes into trading, the Dow Jones Industrial Average was up 0.6pc at 51,074.86, and the broad-based S&P 500 gained 0.7pc to 7,456.69.