Markets Surge, Oil Plummets as Trump Signals Iran Talks
Financial markets staged a sharp relief rally on Monday, with the Dow Jones Industrial Average surging over 600 points, after President Donald Trump announced a de-escalation in tensions with Iran. The President stated he was postponing planned strikes on Iranian power plants and an ultimatum to reopen the Strait of Hormuz, citing 'good and productive' conversations aimed at ending the conflict. The news triggered a dramatic plunge in oil prices, with Brent and WTI crude falling over 7%, easing fears of a prolonged supply disruption that had weighed heavily on investor sentiment. The optimism was fueled by reports, cited by sources like Reuters and Fox News, that direct talks between the US and Iran could be held in Islamabad as early as this week. These discussions, reportedly facilitated by intermediaries including Egypt, Pakistan, and Gulf states, represent a potential breakthrough after a period of heightened military conflict. The market reaction was immediate and broad-based, with cyclical sectors such as industrials, banks, and airlines leading the gains. However, the narrative was complicated by a starkly different account from Tehran. Iranian officials, including the Revolutionary Guard, denied that any direct talks had taken place, labeling Trump's statements as 'deceitful' and demonstrating 'contradictory behaviour.' This contradiction, highlighted by sources including NBC News, BBC, and Al Jazeera, introduces significant uncertainty and suggests that the path to a diplomatic resolution remains fraught with challenges, despite the market's initial positive reaction.
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Trump says he's postponing attacks on Iran power plants, citing 'productive' talks to end war
TRUMP POSTPONES ENERGY ATTACKS: President Donald Trump said this morning he was postponing any strikes against Iran's power plants for five days, citing what he said were "productive conversations" with Tehran to end the war. Markets surged and oil prices dropped on the news. TEHRAN DEFIANT: Iran responded by saying that there had been no direct talks ...
Live Updates: Trump calls off Strait of Hormuz ultimatum as Iran receives U.S. message from mediators
She helps lead national and breaking news coverage and shapes editorial workflows. Read Full Bio ... President Trump said Monday that his ultimatum for Iran to reopen the Strait of Hormuz by later in the day or face strikes on its power plants was being postponed amid "good and productive" peace talks ...
Trump announces 'productive' Iran talks to end conflict | Live Updates from Fox News Digital
Trump and UK Prime Minister Kier Starmer issued a joint call for Iran to reopen the Strait of Hormuz on Sunday night. ... Direct talks between the United States and Iran on ending the war could be held in Islamabad as early as this week, Reuters reported on Monday. Until now, intermediaries including Egypt, Pakistan, and several Gulf states have been relaying messages between Washington and Tehran, a European official also told the news ...
Kernen said Trump was "insisting" that the change constitutes a form of regime change. Iran's denial that any talks have taken place, however, complicates this narrative for the administration and will likely make for awkward questions. Already, an unnamed Iranian source quoted by Fars News Agency, ...
Dow surges 600 points in relief rally after Trump says U.S. and Iran have had ‘productive’ talks: Live updates
Before Trump's comments, which he posted on Truth Social early Monday, futures were pointing to more losses for equity markets under siege from skyrocketing oil prices and uncertainty about the duration of the Iran conflict. But after Trump's comments, Dow futures briefly surged more than 1,000 ...
Oil prices plunged with Brent and WTI both falling more than 7% on de-escalation hopes. Cyclical sectors led gains with industrials, banks, and airlines posting the strongest advances. ... The Dow Jones Industrial Average (DJIA) surges more than 600 points on Monday, climbing roughly 1.5% to ...
Dow Jones Surges 631 Points on Trump-Iran Talks Claim Amid Oil Plunge and Geopolitical Whiplash
The Dow Jones Industrial Average closed up 631 points or 1.3% on Monday after President Trump claimed productive US-Iran talks, sparking a 10% oil price drop that boosted equities despite ongoing war tensions.
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