Commodities: The White House plans further negotiations with Iran; New York oil prices close 8% lower.

The White House hinted at the possibility of a second round of peace talks between the U.S. and Iran, although no specific timing has been arranged yet. Oil prices fell sharply on Tuesday.

The price of Brent crude oil for June delivery dropped more than 4%, closing at $94.80 per barrel. The price of New York crude oil for May delivery fell 8%, settling at $91.30 per barrel.