Oil prices ease and stock markets jump as hopes rise for an end to the Iran war
Oil prices have eased and stock markets have jumped after President Donald Trump announced that the US has talked with Iran about a possible end to their war. The price of Brent crude fell 10.5% to $100.46, and the S&P 500 rose 1.3% following Trump's announcement, despite Iran denying such talks took place.
Relief is flowing through financial markets after President Donald Trump said the US has talked with Iran about a possible end to their war. Oil prices are easing, and stock prices are jumping on Wall Street. The price for a barrel of Brent crude fell 10.5% to $100.46. The S&P 500 rose 1.3%. Iran denied such talks took place. The market's moves remain tentative. The Dow Jones Industrial Average was up 704 points, or 1.5%, as of noon Eastern time. Treasury yields also eased in the bond market following Trump's announcement.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.