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.
Prefer swipe-first reading?
Install the app to keep reading with faster loads and a smoother mobile experience.
Sources
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.
Fact Checks
Related news
Gaza Famine Claims Eased But Crisis Remains Severe Amid Ongoing Conflict
The situation in Gaza has shown signs of improvement regarding food insecurity, with the world’s leading authority confirming that famine conditions have ended in parts of the territory. This reduction is attributed to decreased fighting and increased aid access, according to the Integrated Food Security Phase Classification (IPC). Despite these positive developments, monitoring organizations caution that the crisis is far from resolved. Experts warn that most families still lack adequate food, and two-thirds of Gazans may face acute hunger by the end of the year. The gains are deemed fragile, as high prices, aid uncertainty, and persistent hostilities continue to keep the enclave in a state of severe crisis.
US-Iran Conflict Escalates Amid Strikes, Threats, and Intelligence Tensions
The United States has launched a fresh barrage of strikes against Iran, leading to heightened tensions and political debate over military action. President Trump has warned of a major escalation as the conflict stretches into its thirteenth night, while Republican hawks urge him to unleash major combat operations. This renewed bombing campaign has occurred amid concerns over intelligence cooperation between the US and Iran, with Iranian officials warning that they will hold accountable any state aiding the United States in attacks. Furthermore, US forces are deploying drones against targets, and the US has indicated that damages to shipping could be covered using Iranian assets.
Nicaragua Parliament Moves to Abolish Elections Following Ortega's Ban
Nicaragua's parliament has moved to abolish elections, following President Daniel Ortega's decree that there would be no further electoral processes. This legislative action is intended to codify the decision and ensure the country's 'peace, security and stability,' reflecting Ortega's effort to extend his nearly two-decade rule and eliminate opposition chances. The move has drawn sharp condemnation from the international community. The United States accused Ortega of leading a dictatorship, while UN rights officials urged for the restoration of freedoms and the rule of law. Critics compare Ortega's actions to those of world strongmen, raising questions about why major powers are not responding with similar pressure.
Record Heat Wave Costs UK Economy Over $1.5 Billion and Strains European Infrastructure
A recent record-breaking heat wave across Europe has resulted in significant economic damage, with studies estimating the cost to the UK economy alone at over $1.5 billion. This financial toll includes lost working hours and highlights the urgent need for investment in climate adaptation measures. Beyond the financial impact, the extreme temperatures have strained critical infrastructure, pushing power plants to their limits and causing ecological damage, such as the death of certain trees. Furthermore, experts warn that the heat wave exposes systemic issues, including fragmented EU capital markets hindering energy transition financing and rising insurance costs that necessitate greater government intervention to protect consumers.
FIFA World Cup 2030 Set for Expansion and Six Host Nations
The FIFA World Cup 2030 is set to feature significant structural changes, including an expansion from 48 to 64 teams. This historic tournament will be hosted across six nations spanning three continents, according to official announcements and statements from football authorities. Reports indicate that this change has already been discussed publicly, with CONMEBOL president Alejandro Dominguez reportedly 'leaking' the proposal. Furthermore, specific nations like Portugal, Spain, and Morocco have been mentioned as potential hosts for the event. RTÉ has secured free-to-air broadcasting rights for the tournament, which will be hosted across Spain.
Victims Demand Restitution from Iran in Peace Deal Negotiations
A coalition of victims impacted by Iranian-sponsored terrorism has publicly urged the U.S. government, including President Trump and Congress, to mandate that Iran provide restitution before any financial agreements are finalized. These victims and their representatives have demanded that Iran pay reparations, emphasizing that funds must be returned or unfrozen before any peace deal is considered. The group also called for the administration to refill empty compensation funds with Iran's money, referencing agreements like the June 17 MOU.
Take Yomuyo with you
Download the mobile app for personalized headlines and quick access to breaking stories.