Stocks rally worldwide as oil prices ease on hopes for a possible end to the Iran war
Stocks have rallied worldwide as oil prices ease on hopes for a possible end to the Iran war, with the S&P 500 rising 0.7% and oil prices falling back toward $100 per barrel. The rally follows statements from President Donald Trump and Iran's president that have been interpreted as signals of a potential end to the conflict.
Stocks are rising worldwide due to easing oil prices. The S&P 500 rose 0.7% and the Dow Jones Industrial Average was up 232 points. Oil prices fell after President Trump said the US military could end its offensive in two to three weeks. The conflict has caused oil prices to surge, with the price of Brent crude oil sitting above $101. The US and Iran have exchanged statements that have been seen as hopeful signs of a potential end to the war. The White House announced that President Trump will deliver a public address on the Iran war. The stock market rally has been driven by Big Tech, with Alphabet and Nvidia making strong gains.
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