Markets Surge, Oil Tumbles as Trump Signals De-escalation with Iran
Global financial markets experienced a significant reversal on Monday, with stocks surging and oil prices tumbling after U.S. President Donald Trump indicated a potential de-escalation in the conflict with Iran. In a series of comments, President Trump told CNBC the U.S. was 'very intent on making a deal' and announced he had postponed planned strikes on Iranian power plants and energy infrastructure for five days, citing 'productive conversations.' This triggered a powerful relief rally, sending the Dow Jones Industrial Average up by over 600 points—its best performance since early February—while the S&P 500 and Nasdaq also posted substantial gains. The optimism was directly mirrored in the energy markets, where oil prices plummeted. Brent crude, which had earlier touched $113 a barrel, tumbled to a low of $96, while U.S. crude fell as much as 14% to around $84 per barrel. The sharp decline reflected investor expectations that a peaceful resolution would avert a major supply disruption in the oil-rich region, which had been a primary driver of recent price spikes. However, the rally was tempered by conflicting claims from Tehran. Iranian officials, including parliament speaker Mohammad Bagher Qalibaf, denied that any talks with the U.S. had taken place, calling the reports 'fakenews' used to manipulate markets. This contradiction introduced a note of caution, causing oil prices to partially rebound above $100 and highlighting the fragility of the market's optimism as investors await further concrete developments.
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Sources
Stocks rally and oil sinks after Trump hints at a possible end to war, even as Iran denies talks | AP News
The market’s moves were tentative, though, after Iran denied such talks took place and Iranian parliament speaker Mohammad Bagher Qalibaf said that “fakenews is used to manipulate the financial and oil markets” in a posting on X. The Dow Jones Industrial Average went from a surge of nearly ...
Dow surges over 600 points in a relief rally, as de-escalation hopes rise. President Trump tells CNBC that the U.S. is "very intent on making a deal" with Iran after halting strikes on power plants and energy infrastructure for five days.
Dow Jones Industrial Average posts best day since early February as hopes of Middle East de-escalation lift markets – as it happened | Business | The Guardian
Wall Street has joined the global relief rally after Donald Trump postponed attacks on Iran’s power plants, sending a surge of optimism though trading floors. In New York, the Dow Jones industrial average has jumped by 2% or 928 points to 46,505 points.
Oil prices fall as Trump hails ‘productive’ conversations with Iran on an end to the war | CNN Business
Oil prices slid Monday after President Donald Trump suggested that ongoing talks between the United States and Iran could end the war. Iran, however, denied that talks were taking place.
At one point on Monday, the price of Brent had hit $113 a barrel, but it tumbled in the immediate aftermath of Trump's latest comments. It fell to a low of $96 a barrel, before rebounding a bit. While oil fell, stocks rose.
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