Stock markets surge and oil tumbles as Trump postpones power plant strikes after ‘very good and productive’ talks with Iran – business live
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Stock markets have surged and oil prices have tumbled after US President Donald Trump announced that the US and Iran have held productive conversations regarding a resolution to their conflict. Trump has postponed any military strikes against Iranian power plants and energy infrastructure for five days, subject to the success of ongoing meetings and discussions.
The US and Iran have held productive conversations regarding a resolution to their conflict. President Donald Trump announced that he has postponed any military strikes against Iranian power plants and energy infrastructure for five days. The London stock market has recovered almost all its earlier losses, with the FTSE 100 share index now down just 10 points. The oil price is plunging, with Brent crude dropping below $100 a barrel. European stock markets had fallen earlier after Iran threatened to lay mines across the Gulf if its coasts or islands were attacked. The situation is being closely monitored as talks between the US and Iran continue.
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