An ‘ebullient’ feeling as markets price in an end to the Iran war, but there’s a catch
US stocks surged overnight, with the Dow Jones Industrial Average leaping 1,125 points, as markets priced in a possible end to the war with Iran. However, experts warn that there is no concrete evidence to support this optimism, and the conflict's impact on the oil market is expected to continue.
US stocks rose sharply overnight, with the Dow Jones Industrial Average gaining 1,125 points. The S&P 500 and Nasdaq composite also saw significant increases. This surge was driven by hopes of a possible end to the war with Iran. President Donald Trump reportedly told aides he was willing to end the US military campaign against Iran. China and Pakistan have proposed a five-point plan to restore stability in the Middle East. Despite this optimism, experts caution that there is no concrete evidence to support an end to the conflict. The oil market is still expected to be disrupted, with prices forecast to average around $120 a barrel in the second quarter.
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