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Markets Rise And Oil Slumps Amid Optimism About Iran War ...
Wall Street and Asian markets climbed as traders bet the conflict could ease, while Brent crude fell 1.1 percent and WTI dropped 1.7 percent.
- Global stocks rallied and oil prices fell after President Donald Trump suggested the Middle East war could end within weeks.
- Wall Street surged as investors reacted to early optimism, though average United States gasoline prices topped $4 a gallon for the first time in four years this week, reflecting deep economic impacts.
- Trump told reporters in the Oval Office the United States would end operations in Iran "very soon," perhaps within "two weeks, maybe three," while the Dow climbed 2.5 percent.
- Israeli Prime Minister Benjamin Netanyahu insisted Israel will "continue to crush the terror regime," while Iranian President Masoud Pezeshkian said the Islamic republic has the "necessary will" to end the war.
- The White House will address the nation at 0100 GMT Thursday to provide "an important update on Iran," though Susannah Streeter of Wealth Club noted oil prices remain about 50 percent above pre-war levels.
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Stocks rally worldwide as oil prices ease on hopes for possible end to the Iran war
Stocks rushed higher worldwide, and oil prices eased as hopes built that the war with Iran could end soon. That’s even though some of the signals investors saw as hopeful on Wednesday are already under dispute.
·Johnstown, United States
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Coverage Details
Total News Sources42
Leaning Left5Leaning Right7Center14Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 19%
C 54%
R 27%
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