Market impact of Iran deal may be limited

The major deal over Iran's nuclear program inked over the weekend may only have a limited impact on the oil and financial markets.

On Monday, oil prices fell, the dollar rose and stock markets in oil-importing countries rose, The Wall Street Journal reported.

Oil prices fell 2 percent and precious metals normally sought in times of financial uncertainty also fell.

But, the Journal notes that the deal does not permanently put Iranian oil back on the international markets, so the price drop and economic benefits for importing nations may be short-lived.

U.S. markets were poised Monday to continue recenct gains that have pushed indexes to record highs this month.